Tokio Marine HCC unveils new Danish branch, senior hires for surety expansion

Specialty insurance group Tokio Marine HCC has appointed Henning Skaarup as head of surety Nordics and Jan Holm Larsen as senior surety underwriter to further expand its international surety capabilities into Continental Europe.

Based in Copenhagen and acting as general manager of a newly created Danish branch, Skaarup will develop and direct a surety practice across the Nordic region. He will report directly to Luc Reuter, head of surety - Europe.

Both the executives join Tokio Marine HCC from Tryg Garanti, where Skaarup 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, he has been a regular member of the Surety Committee of the International Credit Insurance & Surety Association (ICISA).

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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