Tokio Solution unveils co-CEOs

Tokio Solution Management, a subsidiary of Tokio Millennium Re, has appointed Susan Lane and Tsuyoshi Harigai as co-chief executive officers (CEO).

Lane and Harigai will take up the roles in January 1, 2016, when Kathleen Faries, the current CEO, will become head of the Bermuda branch of Tokio Millennium Re AG.

They will have joint responsibility for the day-to-day management of Tokio Solution.

Lane, who is currently senior vice president and head of business development at Tokio Solution, will lead the client-facing, business development activities including growth strategies, product development and marketing.

Harigai will manage corporate operations. He currently serves as head of operations for the Bermuda branch of Tokio Millennium Re AG and as a member of the Tokio Solution board of directors and will continue to hold these positions after January next year.

Faries said: “We are delighted to announce Susan’s and Harry’s promotions to lead Tokio Solution. Both are highly experienced reinsurance professionals and I am confident in their abilities to maintain Tokio Solution’s standing as a pre-eminent, full service market facilitator.

“The appointment of Susan and Harry strengthens TMR’s third party capital strategy and will help to build on the services that Tokio Solution provides to our third party capital partners.”