Tokio Marine HCC (TMHCC) has appointed Elizabeth Geary (pictured above) as president and CEO of its North America property and casualty (P&C) division, a newly established position.
Based in New York, Geary will begin the role on June 30 and report directly to TMHCC CEO Susan Rivera.
Geary will oversee the company’s North American P&C business units, with a focus on driving strategic and operational growth across these segments. The appointment expands TMHCC’s executive structure as part of its ongoing leadership development. In May, Barry Cook was promoted to deputy CEO, signaling further organizational evolution.
Before joining TMHCC, Geary served as president of insurance solutions at Liberty Mutual. In that role, she was responsible for building a new business aimed at addressing emerging broker and client risks, particularly in areas such as cyber, energy transition, and alternative risk solutions.
Her earlier career includes a long tenure at TransRe, where she held various underwriting roles. She began in US property and healthcare and advanced to global head of cyber, later becoming chief underwriting officer for North America and president of global portfolio management.
Rivera said the decision to bring Geary into the newly formed executive position reflects a strategic direction for the company.
“As TMHCC continues to expand and evolve, driven by our commitment to enhancing our offerings to reflect the needs of insureds in a rapidly changing risk environment, we will need to attract the leading talent in the market who share our specialized focus and approach,” Rivera said.
Geary’s appointment comes as TMHCC continues to grow its footprint in the US market. In February, the company launched a healthcare professional liability unit to expand its domestic capabilities, led by a former Berkshire Hathaway executive.
As of year-end 2024, TMHCC reported gross written premiums totaling approximately $7.9 billion, with a workforce of around 4,400 employees. The company’s North American business has played a key role in this financial scale, contributing significantly to both underwriting performance and expansion across key specialty lines.
The company’s performance in North America has also driven international results. According to Tokio Marine’s latest reporting, net premiums written from international operations increased to ¥813.6 billion, up from ¥686.8 billion the previous year.
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