Reinsurance News

Tokio Marine HCC expands Surety team in Amsterdam

18th July 2019 - Author: Matt Sheehan

Tokio Marine HCC has announced the appointment of Chris Marx as Senior Surety Underwriter – Netherlands, effective from July 1, 2019.

Marx will report directly to Björn Eding, Head of Surety – Netherlands, who was appointed on 1 February 2019.

With these hires, Tokoi Marine HCC continues the expansion of its international Surety capabilities into Continental Europe.

Based in Amsterdam, Eding and Marx will further develop the Surety practice across the Benelux region to assist clients throughout Tokio Marine HCC’s global network.

Eding has more than 18 years’ industry experience and joins Tokio Marine HCC from Chubb, where he worked as Surety Manager Benelux.

Prior to this, he worked at Nationale Borg, where he provided local and international Surety guarantees to medium and large corporate organisations.

Marx, meanwhile, arrives from Euler Hermes, where he served as Senior Underwriter and Special Products Manager. He has over 15 years in the financial services industry, and has also previously worked at Nationale Borg.

“The Benelux region, with various financial institutions, mature market conditions and the transit of goods and services, is a crucial area for Surety business,” said Eding.

“Hence, we are very pleased that Chris joins our team as he brings significant knowledge of the Benelux Surety market,” he continued.

“Tokio Marine HCC’s focus on service delivery, which is backed by the company’s profile and AA- (Very Strong) S&P rating, will provide a compelling offering for both clients and brokers.”

Marx also commented: “The Surety market in the Benelux region has transformed over the last five years due to high demand and an increase in capacity providers.”

“I am confident that Tokio Marine HCC will add considerable value to the market, and I look forward to meeting the needs of our clients with the expert capabilities of the company,” he added.

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