Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has hired Matthew Shaw from Chubb as its new Chief Underwriting Officer (CUO).
Shaw joins TMK from insurer and reinsurer Chubb, where he most recently served as divisional president of global markets. He joined ACE (latterly Chubb) in 2002 having started his career in the insurance industry as a Lloyd’s of London underwriter in the 1980s.
The Chief Executive Officer (CEO) of TMK, Brad Irick, commented: “I’m thrilled to welcome Matthew to the Tokio Marine Kiln family. He brings a wealth of experience in the specialist markets in which we operate within Lloyd’s and the broader London market. As insurers and reinsurers, our role in supporting people, businesses and economies as they come back on line has never been more important.
“Following a strong year for TMK, our underwriting teams are energised by a refreshed strategy and new opportunities to further our purpose, support our clients and develop their businesses under Matthew’s leadership.”
Commenting on his new role, Shaw said: “I’m hugely excited to be joining TMK, an organisation with a long history as a great underwriting company and one at the forefront of innovation in the Lloyd’s market. This is a transformational time for TMK and for the London market, and this role offers a great opportunity to be part of its continued development and success.”
Shaw’s appointment at TMK, which was first announced in November of last year, remains subject to regulatory approval.
