Tokio Marine HCC International unveils new power proposition

Tokio Marine HCC International (TMHCCI) has launched a new power proposition to further expand its energy offering.

TMHCCI explained that the new practice would work in tandem with TMHCCI’s wider renewable offering that provides clients with insurance for the energy transition.

The move will cover thermal power plants, hydroelectric, solar power, geothermal, alternative power generation and mixed technology portfolios.

TMHCCI’s power portfolio includes both regulated and non-regulated producers, consisting of national and multinational power and utility companies, independent power producers and owners of infrastructure investment funds.

Ben Kinder, chief underwriting officer at TMHCCI, said: “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.”

New appointment

As part of the move, Nicola Hannay has been appointed to head up the business as its new head of power generation in TMHCCI’s London-based energy practice.

Hannay will bring three decades of experience to her new role and has built and led profitable power portfolios at a series of businesses, including Axa XL and AIG.

Hannay joins from Scor, where she recently held the position of global head of power in Scor’s business solutions division.

Kinder said TMHCCI was “delighted” to welcome Hannay to the team.

He continued: “We have identified clear growth opportunities across the energy market.

“Appointing someone of Hannay’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.

“Her experience will strengthen our holistic offering in renewable and conventional energy.”