Tokio Marine HCC today announced the appointment of Luc Reuter as Head of Surety for Continental Europe as it further expands its international surety capabilities within Continental Europe and beyond.
Luc will divide his time between Tokio Marine HCC’s operations in Frankfurt and Luxembourg in order to develop and direct a surety practice across Europe, supporting clients with their domestic and international surety needs through Tokio Marine HCC’s global network. Luc will report to Martyn Ward, Managing Director, International Credit & Surety. The appointment is effective as of 1 September 2018.
Luc has extensive financial services experience, including eighteen years of underwriting credit and surety. He joins Tokio Marine HCC from Chubb where he developed and directed the company’s European surety business as Head of Surety for Europe for the last six years. Prior to that, Luc held an equivalent position within Zurich for the preceding twelve years. Luc is a former Chairman of the Surety Committee of the International Credit Insurance & Surety Association (ICISA).
Martyn Ward, Managing Director of Tokio Marine HCC’s International Credit & Surety division, commented: “In order to support and enhance the ongoing growth within our successful international surety operations, we are investing in a number of key markets. I am therefore delighted that someone of Luc’s profile and ability is joining us to further expand our surety proposition for European clients in order to grow our platform even further and building on our surety business, which has grown consistently over the last thirty-five years. Luc’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.”
Barry Cook, Chief Executive Officer of Tokio Marine HCC - International Group, 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 Luc’s calibre and experience is joining us to expand our surety proposition for European companies beyond that of our current successful surety operation. As a recognised international surety expert, his extensive knowledge and deep understanding of international markets will be a great asset in our plans to further develop our International Surety division.”
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. Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom and Continental Europe. Tokio Marine HCC’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. Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $34 billion as of December 31, 2017. For more information about Tokio Marine HCC, please visit www.tmhcc.com
Contact: Hannah Powell
Marketing and Communications Officer
Tokio Marine HCC
Telephone: +44 (0)20 7680 2946