Tokio Marine HCC, headquartered in Houston, Texas, has announced a leadership change at its subsidiary WorldTrips, a travel insurance provider, effective 1 July 2025.
Mark Carney, who has served as WorldTrips’ CEO, will take on the role of chairman.
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In this capacity, he will focus on guiding the company’s strategic vision and supporting its long-term objectives.
Tokio Marine HCC CEO Susan Rivera said: “Mark’s leadership has been foundational to the growth and resilience of WorldTrips. Under his guidance, the company navigated unprecedented challenges, including the global pandemic, and recently completed launching our Cayman Islands insurance operation, positioning WorldTrips for greater flexibility and future scalability.”
Philip Hsia has been appointed as the new CEO of WorldTrips.
Since 2018, Hsia has managed Tokio Marine HCC’s Global Travel Group, which includes WorldTrips.
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By GlobalDataRivera added: “I’m equally excited to welcome Philip Hsia as the next CEO of WorldTrips. Phil brings proven strategic and managerial expertise with a global perspective. He has our full confidence and support as he steps into this role.”
The appointments follow a succession planning process initiated earlier in 2025.
WorldTrips, based in Carmel, Indiana, offers travel medical and trip protection insurance products for travellers worldwide.
The company is part of the Tokio Marine HCC group of companies.
In May 2025, Tokio Marine HCC International (TMHCCI), a subsidiary of Tokio Marine HCC (TMHCC), named Thibaud Hervy as its new CEO.
Concurrently, Simon Button was elevated to the role of chief underwriting officer (CUO) of TMHCCI, succeeding Hervy.
Hervy previously served as CUO of specialty lines, while Button was CUO of the London market.
