Tokio Marine HCC has bolstered its international contingency team with the appointment of a new lead for the London Market and European operations.
Neil Paddon, who joined TMHCC’s Specialty Group in 2010 as contingency underwriter and has over 20 years’ experience in the class, becomes head of contingency, assuming responsibility for the London Market and Europe, including product distribution for Tokio Marine Group to South Africa, Asia and the Middle East.
He will report to Philip Hall, managing director of Specialty Group, based in London. Caspar Prestidge has been promoted to senior contingency underwriter, and Martha Crowhurst to underwriter – both operating in the London Market.
The team will be able to offer access to an event cancellation line of more than €50m.
Following a turbulent year for contingency risks, Hall said that the development of the team and the refreshed capacity underline the company’s commitment to the market and belief in its long-term viability.
“The COVID pandemic has created a huge amount of volatility in this market, but we believe that fundamentally it is a sound, profitable market, and we are investing to grow,” he said.
“Neil has been instrumental in growing our contingency business over the last decade, and it remains a key element of our wider specialty portfolio. This is a well-deserved promotion. He is an innovative and market-leading underwriter in this space, and when it comes to coordinating our international strategy, he is the clear and obvious choice to take the business forward in the coming years.”
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