Specialty insurance group Tokio Marine HCC has appointed Luc Reuter as Head of Surety for Continental Europe as it further expands its international surety capabilities in the region.
Effective September 1, Reuter will report to Martyn Ward, Managing Director, International Credit & Surety. He will divide his time between operations in Frankfurt and Luxembourg supporting clients with their domestic and international surety needs.
Reuter brings 18 years of underwriting credit and surety experience to the position. He joins from Chubb, where he developed and directed the company’s European surety business as Head of Surety for Europe for the last six years.
Prior to Chubb, Reuter held an equivalent position within Zurich for the preceding 12 years. He is a former Chairman of the Surety Committee of the International Credit Insurance & Surety Association.
“In order to support and enhance the ongoing growth within our successful international surety operations, we are investing in a number of key markets,” commented Ward.
“I am therefore delighted that someone of Luc’s profile and ability is joining us to further expand our surety proposition for European clients in order to grow our platform even further and building on our surety business, which has grown consistently over the last thirty-five years.”
“Luc’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.”
Barry Cook, Chief Executive Officer of Tokio Marine HCC – International Group, added, “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.”
“I am therefore delighted that someone of Luc’s calibre and experience is joining us to expand our surety proposition for European companies beyond that of our current successful surety operation.”
“As a recognised international surety expert, his extensive knowledge and deep understanding of international markets will be a great asset in our plans to further develop our International Surety division.”
