Tokio Marine HCC, a US-based specialty insurance group, has named Henning Skaarup as head of surety Nordics and Jan Holm Larsen as senior surety underwriter.

The appointments are part of Tokio Marine HCC strategy to continue expanding its international surety capabilities into Continental Europe, the Nordics and beyond.

Based in Copenhagen, Skaarup will report directly to Luc Reuter, head of surety – Europe. He will serve as general manager of a newly created Danish branch.

Skaarup will focus on developing and directing a surety practice across the Nordic Region to help clients with their domestic and international surety needs through Tokio Marine HCC’s global network.

Both the executives join Tokio Marine HCC from Tryg Garanti, where Skaarup working as senior vice president developed and directed the company’s Nordic Surety business since 2001.

He has nearly 35 years of financial services experience, including 28 years of underwriting Surety.

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Reuter said: “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.”

Tokio Marine HCC managing director of international credit and surety division Martyn Ward said: “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.

“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.”

Headquartered in Houston, Tokio Marine HCC operates in about 180 countries and underwrites over 100 classes of specialty insurance.