Tokio Marine HCC International (TMHCCI), a specialty insurance group, has announced the appointment of Matthias Sandfort as its new head of surety in Germany.
“The German Surety market is an important and fast growing one for TMHCCI and we are delighted to secure someone of Matthias’ calibre to lead the team,” said Luc Reuter, the head of surety – Europe.
Sandfort has held various director-level roles over the last 20 years in firms such as Westdeutsche ImmobilienBank, Helaba, Natixis Pfandbriefbank AG, and Corestate Bank. Prior to joining TMHCCI in his new role, he was the managing director of Corestate Bank for five years.
“He brings a huge amount of experience in the banking sector, having held client, market and credit portfolio responsibilities across continental Europe, and is a well-known, hands-on and respected operator,” said Reuter.
“His knowledge of these markets and his strong relationship-building skills will help us secure even more success in Germany,” he added.
Sandfort will be responsible for the growth of the surety business, diversification of the portfolio, and further expansion into the German market.
“Matthias is an asset to the team and, backed by TMHCCI’s global presence and superior credit rating, his vast experience in the banking sector will undoubtedly further enhance our Surety proposition for German companies,” said Martyn Ward, managing director of TMHCCI’s credit & surety division.
“I am confident that Matthias’ extensive knowledge and deep understanding of the market will be instrumental in our plans to further develop our successful international surety division, which has grown consistently for over nearly 40 years,” added Ward.
Sandfort will be reporting to Reuter and will take over from Jens Krichbaum. Krichbaum stepped down from his post earlier this year due to personal reasons but has since returned as senior underwriter.
Sandfort’s appointment was in effect as of November 1.
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