Tokio Marine HCC announced a leadership change with the retirement of Mike Schell, president, at the end of this month.

Barry Cook, CEO of Tokio Marine HCC International, will additionally assume a newly created position of deputy CEO, effective April 1.

Schell joined Tokio Marine HCC in 2002. In 2019 Schell was named to his current position at Houston-based Tokio Marine HCC to succeed William Burke, who retired at the time.

Schell has more than 50 years in the insurance industry, including 25 years at St. Paul Companies and five years at Insurance Company of North America.

“Mike’s contribution to our leadership team, to our culture, to our business and to our industry has been immense,” said Susan Rivera, CEO of Tokio Marine HCC. “For 23 years, he has been a central figure at Tokio Marine HCC. He has guided us through market cycles, helped us overcome industry challenges and been a key player in the growth and success of our business.

“His experience, insights and expertise have been invaluable assets to me, my colleagues on the leadership team and throughout Tokio Marine HCC. We will miss him and his counsel dearly.”

Reflecting on his time at the company, Schell said, “The business is unrecognizable from the company I joined due to its expanded product offering and global reach. It has been a privilege to be a part of its countless successes, to work with such talented and resolute people, and to be part of the journey.”