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Tokio Marine Kiln CEO stepping down

Charles Franks is stepping down as CEO of Tokio Marine Kiln Group Ltd. and is "assuming new responsibilities" within the Tokio Marine Group.

He will be succeeded by Brad Irick on Jan. 1, 2020, subject to regulatory approval. Irick has been deputy CEO of Tokio Marine Kiln since August 2018.

Franks, who will remain in his post until the end of 2019 to help facilitate the handover, will continue to be a board member at Tokio Marine Kiln.

Tokio Marine Kiln also named Nick Hutton-Penman deputy CEO, effective Oct. 1, subject to regulatory approval. Hutton-Penman joins from TMHCC International in London where he served in several roles, including COO of the HCC International Group and CEO of HCC Underwriting Agency.

Meanwhile, Chief Underwriting Officer Paul Culham will leave Tokio Marine Kiln at the end of September. Culham's successor will be named in due course, the company said.