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London, 13 May 2024
Tokio Marine HCC (TMHCC) – Specialty Group, a member of the Tokio Marine HCC group of companies, has today announced that it is launching a new Product Recall offering in London, with two senior appointments to its Crisis Management team.
Mark Hutton has been appointed to the newly created role of Head of Crisis Management, International, effective 13 May 2024. Previously, Mark served as Global Product Head - Product Recall at AXA XL, as well as Head of Casualty at McLarens Young International.
With over 25 years of underwriting experience, Mark boasts an impressive track record and reputation across the market, having held senior roles and developed a market-leading book at XL Catlin prior to his time at McLarens Young International.
In his new role, Mark will be responsible for leading the International Crisis Management business, with a focus on growing the Product Recall class, including food and beverage, and automotives, as well as expanding into other product areas.
Mark is joined by Ian Davidson as Senior Underwriter, Crisis Management. Ian also comes from AXA XL, having previously spent two years underwriting the APAC region for Product Recall for XL Catlin based in Sydney, as well as handling Kidnap & Ransom and Political Violence lines, before moving to London in 2015.
Philip Hall, Managing Director of Tokio Marine HCC – Specialty Group’s International Division, said: “We are thrilled to welcome Mark and Ian to TMHCC – Specialty Group. This new team represents a key extension of our market-leading U.S. product recall expertise, which will support our growth ambitions for this class in London.”
“Mark is the ideal person to drive the expansion of our international Crisis Management business and I am certain this new team will complement our existing expertise and cement our status as a market leader in the class. These appointments are the latest example of our ability to attract market-leading talent, and we are increasingly well placed to realise our significant growth ambitions.”
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Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $49 billion as of December 31, 2023. Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Continental Europe. Tokio Marine HCC’s major domestic insurance companies have financial strength ratings of ‘A+’ (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 ‘A+’ (Strong) from S&P Global Ratings. Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company. For more information about Tokio Marine HCC, please visit www.tokiomarinehcc.com.
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