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Tokio Marine HCC today announced the appointments of Henning Skaarup as Head of Surety Nordics and Jan Holm Larsen as Senior Surety Underwriter as it continues to expand its international Surety capabilities into Continental Europe and beyond. Based in Copenhagen and acting as General Manager of a newly created Danish branch, Henning will develop and direct a Surety practice across the Nordic Region to assist clients with their domestic and international Surety needs through Tokio Marine HCC’s global network. Henning will report directly to Luc Reuter, Head of Surety - Europe. The appointments were effective as of 1 March 2019.
Both individuals join Tokio Marine HCC from Tryg Garanti, where they had extensive experience, and where Henning developed and directed the company’s Nordic Surety business in the role of Senior Vice President since 2001. With thirty-five years of financial services experience, including twenty-eight years of underwriting Surety, Henning has been a regular member of the Surety Committee of the International Credit Insurance & Surety Association (ICISA).
Luc Reuter commented: “The Nordic region is absolutely key to our long-term commitment to growing our successful international Surety operations. I am therefore delighted that someone of Henning’s profile and ability is joining us to build on our existing Surety business and further expand our Surety proposition for European clients. Henning’s expertise, along with Tokio Marine HCC’s focus on service delivery, which is backed by the company’s profile and rating, will prove a compelling offering for both clients and brokers.”
Martyn Ward, Managing Director of Tokio Marine HCC’s International Credit & Surety division, added: “Through its global presence and superior credit rating Tokio Marine HCC has a proven ability to meet our clients’ Surety needs in our chosen markets. I am therefore delighted that someone of Henning’s reputation and experience is joining us to expand our Surety proposition for Northern European companies beyond that of our current successful Surety operation which has grown consistently over the last thirty-five years. As a recognised regional Surety expert, his extensive knowledge and deep understanding of Nordic markets will be a great asset in our plans to further develop our international Surety division.”
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Tokio Marine HCC (TMHCC) is a leading specialty insurance group transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Headquartered in Houston, Texas, the company is comprised of highly entrepreneurial teams equipped to underwrite special situations, companies and individuals, acting independently to deliver effective solutions. TMHCC’s products and capabilities set the standard for the industry, as many of its 2,900 employees are industry-leading experts. The company’s major domestic insurance companies have financial strength ratings of “AA- (Very Strong)” from S&P Global Ratings, “A++ (Superior)” from A.M. Best, and “AA- (Very Strong)” from Fitch Ratings; its major international insurance companies have financial strength ratings of “AA- (Very Strong)” from S&P Global Ratings. TMHCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalisation of $34 billion as of December 31, 2018.
