Business insurance

Tokio Marine HCC strengthens its emergency activities

Tokio Marine HCC (TMHCC) is restructuring its emergency international activities with the appointment of Neil Paddon to head its operations in the London market and in Europe.

Paddon, currently head of contingency, has responsibility for the London and European market, including product distribution for the Tokio Marine group in South Africa, Asia and the Middle East, according to a statement from the society. He joined the TMHCC Specialty Group in 2010 as an Emergency Underwriter and has over 20 years of experience in the classroom.

He reports to Philip Hall, managing director of the London-based specialty group. His mandate includes overseeing the growing European operations of TMHCC based in Paris and Munich. The team offers an event cancellation line of more than 50 million euros.

Meanwhile, TMHCC promoted Caspar Prestidge to Senior Contingency Underwriter and Martha Crowhurst to Underwriter, both operating in the London market.

The London and Europe market teams will work closely with Anthony Osterrieth, who is responsible for international business development for the Specialty Group and is a key part of Tokio Marine HCC’s post-Brexit strategy.

According to Hall, the past year has been an eventful one for the emergency risk market, and the team’s development and renewed capacity reflects TMHCC’s commitment to the market and belief in its long-term viability.

“The COVID pandemic has created tremendous volatility in this market, but we believe it is fundamentally a healthy and profitable market, and we are investing to grow,” he said.

“Neil has been instrumental in the growth of our provident business over the past decade, and it remains a key part of our larger specialty portfolio. It’s a well-deserved promotion. He is an innovative underwriter and market leader in this area, and when it comes to coordinating our international strategy, he is the clear and obvious choice to move the company forward in the years to come.

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