Tokio Marine HCC President Mike Schell Retires After Five Decades in Insurance

Company Leadership Changes - Mike Schell will retire as President of Tokio Marine HCC on March 31, 2025, after over 50 years in the insurance industry [1][2] - Barry Cook, currently CEO of Tokio Marine HCC International, will take on the newly created role of Deputy CEO starting April 1, 2025 [1] Contributions and Achievements - Mike Schell has been a central figure at Tokio Marine HCC for 23 years, guiding the company through market cycles and contributing to its growth and success [3] - Under Schell's leadership, Tokio Marine HCC has achieved record performance, expanding its product offerings and global reach [3] Company Overview - Tokio Marine HCC is part of the Tokio Marine Group, which has a market capitalization of $70 billion as of December 31, 2024 [4] - The company is recognized as a leading specialty insurance group with strong financial ratings: 'A+' from S&P Global Ratings, 'A++' from AM Best, and 'AA-' from Fitch Ratings [4]