Tokio Marine HCC International Names Thibaud Hervy as New CEO: A Strategic Move for Global Leadership

In a significant leadership transition, Tokio Marine HCC International has announced the promotion of Thibaud Hervy to the position of Chief Executive Officer (CEO) and Simon Button as Chief Underwriting Officer (CUO). These key appointments are effective immediately, pending regulatory approval, marking a pivotal moment for the company as it aims to enhance its global presence in the specialty insurance sector.

New Leadership at Tokio Marine HCC International

Thibaud Hervy steps into the CEO role after an impressive tenure as CUO – Specialty Lines. Hervy has been with the company since 1999, when he began as an underwriter within HCC Global’s Financial Lines team. Over the years, he has held numerous senior positions, including managing director of HCC Global and CUO of TMHCCI since 2014. His extensive experience has been vital in shaping the company’s underwriting and distribution strategies on a global scale.

Simon Button’s New Role

Simon Button, now appointed as CUO of TMHCCI, previously excelled as CUO – London Market. Joining the firm in 2000, Button has held various leadership roles across the Property, Marine, and Energy divisions. In his new capacity, he will play a crucial role in evolving TMHCCI’s underwriting strategy as the company expands its product portfolio to meet the changing needs of its clients.

Legacy of Barry Cook

Barry Cook, who served as TMHCCI’s CEO for over two decades, has transitioned to the position of deputy CEO of TMHCC. Under his leadership, the company experienced remarkable growth, expanding its London Market presence to a $2.8 billion operation. Cook will continue to support the wider group in his new role.

CEO Susan Rivera’s Statement

Susan Rivera, CEO of TMHCC, expressed her gratitude for Cook’s impactful leadership: “Barry’s influence on our international business is immeasurable. Under his guidance since 2005, TMHCCI has transformed into a market leader. I am excited to collaborate closely with Barry in his new role, and I believe Thibaud is the perfect candidate to continue his legacy.”

Focus on Innovation and Sustainability

Rivera further noted, “With Simon’s appointment as CUO, we are well-positioned to tackle the evolving risk landscape and the pressing need for more sustainable practices. The expertise of Thibaud and Simon will be essential as we develop new offerings and strive for excellence in service and innovation for our clients.”

Barry Cook’s Farewell

Reflecting on the transition, Cook stated, “I am proud to hand over the leadership of TMHCCI to Thibaud and Simon. Having collaborated with them for many years, I am continually impressed by their vision and expertise. I am confident that under their management, TMHCCI will continue to thrive.”

For more information about Tokio Marine HCC and its leadership changes, visit the official Tokio Marine HCC website or check out related news on Insurance Journal.