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12 February 2024 Insurance

Tokio Marine HCC lands SCOR expert to lead new London power portfolio

Tokio Marine HCC International (TMHCCI), a member of the Tokio Marine HCC group of companies, has tapped a senior SCOR executive to lead its newly launched power proposition in London.

Nicola Hannay (pictured) has joined TMHCCI as head of power generation in its London-based energy practice. She reports to Ben Kinder, chief underwriting officer – marine, energy and renewables.

Hannay joins from SCOR, where she served, most recently, as global head of power in SCOR’s business solutions division. She has nearly three decades of experience, more than 11 spent at SCOR, and has built and led profitable power portfolios at a series of businesses including AXA XL and AIG.

TMHCCI said the strategic appointment will enable it to further expand its comprehensive energy offering – covering thermal power plants, hydroelectric, solar power, geothermal, alternative power generation and mixed technology portfolios.

TMHCCI’s power portfolio comprises regulated and non-regulated producers, national and multinational power and utility companies, independent power producers as well as infrastructure investment and fund asset owners.

The new appointment will work in tandem with and complement TMHCCI’s wider renewable offering led by GCube, the underwriter for renewable energy projects.

Kinder said: “We are delighted to welcome Nicola to our team. She is a proven leader and a recognised expert in the power market. Her experience will strengthen our holistic offering in renewable and conventional energy.

“TMHCCI is dedicated to supporting energy businesses in their pursuit of sustainable solutions. Our pragmatic approach ensures that businesses at any stage of their sustainability journey can rely on us for expert underwriting.

“We have identified clear growth opportunities across the energy market. Appointing someone of Nicola’s calibre is an indication of the scale of our ambitions and we expect to continue to bring in market leading talent as we realise the growth opportunities available to us and further strengthen our lead position across the energy ecosystem.”

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