WorldTrips announces major leadership transition
Mark Carney will take on a new role as Chairman, while his previous position as CEO is filled by Philip Hsia
Tokio Marine HCC, based in the US state of Texas, has announced a significant leadership transition at its travel insurance subsidiary, WorldTrips, which came into effect on 1 July 2025.
Mark Carney, who has served as CEO of WorldTrips for 16 years, will step into the role of Chairman. In his new role, Carney will continue to guide the company’s strategic direction and support its long-term growth initiatives.
Succeeding Carney as CEO of WorldTrips is Philip Hsia. Hsia brings extensive global experience to the role and has led Tokio Marine HCC’s Global Travel Group, including oversight of WorldTrips, since 2018.
Susan Rivera, CEO of Tokio Marine HCC, commented on the transition: “Mark’s leadership has been foundational to the growth and resilience of WorldTrips. Under his guidance, the company navigated unprecedented challenges, including the global pandemic, and recently completed launching our Cayman Islands insurance operation, positioning WorldTrips for greater flexibility and future scalability.
“I am deeply grateful for Mark’s continued commitment in his new role as Chairman. His focus on long-term strategy and leadership development will remain a vital part of WorldTrips’ ongoing success.
“I’m equally excited to welcome Philip Hsia as the next CEO of WorldTrips. Phil brings proven strategic and managerial expertise with a global perspective. He has our full confidence and support as he steps into this role.
“WorldTrips is entering an exciting new chapter,” added Rivera. “With Mark and Phil in their new roles, I am confident the company will continue to lead with purpose, innovation and a deep commitment to serving customers around the globe.”
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