Tokio Marine HCC – Specialty Group names new head of London Market

He will lend his 15 years of expertise to the crisis management unit

Tokio Marine HCC – Specialty Group names new head of London Market

Insurance News

By Kenneth Araullo

Tokio Marine HCC (TMHCC) – Specialty Group, part of the Tokio Marine HCC group of companies, has announced the appointment of Shaun Russ as head of London Market, crisis management.

Russ brings over 15 years of London Market experience to TMHCC, having previously served as senior product recall underwriter at Axa XL. His career also includes roles at Chubb Global Markets and Lockton Companies International.

In his previous position, Russ was responsible for growing the product recall portfolio in London and expanding it into new regions, particularly Japan. He specialised in complex product recall risks, focusing on contaminated products and non-food product lines, including automotive components and consumer goods.

In his new role, Russ will collaborate closely with Ian Davidson, senior underwriter, crisis management, who joined the team in March 2024. This new team enhances Tokio Marine HCC – Specialty Group’s established US product recall expertise.

Philip Hall, managing director of Tokio Marine HCC – Specialty Group’s International division, commented on the latest appointment.

“We are delighted to have Shaun joining us to lead the London Market division of our Crisis Management business. Alongside Mark Hutton and Ian Davidson, Shaun will be responsible for the growth of our international Product Recall portfolio, complementing our industry-leading division in the US,” Hall said.

Hall further noted that since the beginning of the year, TMHCC has assembled a new team of senior product recall specialists.

“I am confident that together they will drive growth and deliver outstanding results for the business,” Hall said.

Based in London, Russ will report to Mark Hutton, who was named head of crisis management, international in May 2024.

Elsewhere, parent company Tokio Marine has set its sights on expanding with a budget of up to US$10 billion for overseas acquisitions.

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