Tokio Marine HCC International (TMHCCI), part of the Tokio Marine HCC (TMHCC) group, has appointed Thibaud Hervy as its new CEO, pending regulatory approval.
At the same time, Simon Button has been promoted to chief underwriting officer (CUO) of TMHCCI, taking over from Hervy.
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Hervy was previously the CUO of specialty lines, while Button was formerly the CUO of the London market.
Hervy joined the company in 1999 as an underwriter in the HCC Global financial lines team, covering France and the Benelux region.
He held various senior roles including managing director of HCC Global in 2010.
He was appointed CUO of TMHCCI specialty lines in 2014, overseeing business’ underwriting and distribution strategies.
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By GlobalDataButton, who joined TMHCCI in 2000, has worked in leadership roles across the property, marine and energy underwriting divisions.
In his expanded responsibilities, Button will oversee the underwriting strategy to expand offerings.
TMHCC CEO Susan Rivera said: “As we embark on an exciting new chapter, Thibaud will spearhead our international growth and the expansion of our product suite.
“I am also delighted to announce Simon’s appointment as CUO of our International business. Thibaud and Simon’s expertise will be core to the new offerings we are developing and to achieving new heights of excellence in service and innovation for our clients.”
This announcement follows the appointment of Barry Cook as deputy CEO of TMHCC, after leading TMHCCI for more than 20 years.
Rivera added: “Barry’s impact on our international business cannot be overstated. When he took the helm in 2005, TMHCCI was a small player in London. Today, Barry leaves it a $2.8bn [Y404.5bn] market leader with an excellent track record of success over decades.
“I am delighted to be working even more closely with Barry in his new role, and in Thibaud, we have the ideal candidate to carry on his legacy.”
In January, TMHCC partnered with Insurtech company Optalitix to improve its underwriting and pricing systems in the London market.
