Specialty Group, a member of the Tokio Marine HCC group of companies, has announced the launch of a new Product Recall offering in London, accompanied by two senior appointments to its Crisis Management team.
Mark Hutton is set to assume the role of Head of Crisis Management, International, effective May 13, 2024.
He brings over 25 years of underwriting experience to this newly created position, previously serving as Global Product Head – Product Recall at AXA XL and Head of Casualty at McLarens Young International.
His expertise and market reputation have been honed through senior roles and the development of a market-leading book at XL Catlin before joining McLarens Young International.
In his new capacity, Hutton will spearhead the International Crisis Management business, focusing on expanding the Product Recall class, encompassing sectors such as food and beverage, and automotives, while exploring opportunities in other product areas.
Joining him is Ian Davidson, appointed as Senior Underwriter, Crisis Management. Davidson, also from AXA XL, brings extensive experience, having previously underwritten the APAC region for Product Recall at XL Catlin. He transitioned to London in 2015 after handling Kidnap & Ransom and Political Violence lines.
Philip Hall, Managing Director of Tokio Marine HCC – Specialty Group’s International Division, expressed enthusiasm for the new appointments, stating, “We are thrilled to welcome Mark and Ian to TMHCC – Specialty Group. This new team represents a key extension of our market-leading U.S. product recall expertise, which will support our growth ambitions for this class in London.”
“Mark is the ideal person to drive the expansion of our international Crisis Management business and I am certain this new team will complement our existing expertise and cement our status as a market leader in the class. These appointments are the latest example of our ability to attract market-leading talent, and we are increasingly well placed to realise our significant growth ambitions.”
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