Tokio Marine HCC, a member of Tokio Marine Group, has appointed Neil Paddon to lead its London Market and European operations.
Paddon is the Head of Contingency and has been with Tokio Marine for over 10 years.
He will assume the responsibility for the London Market and Europe, including product distribution for Tokio Marine Group to South Africa, Asia and the Middle East.
As part of the team’s restructure, Caspar Prestidge has been promoted to Senior Contingency Underwriter, and Martha Crowhurst to Underwriter, both operating in the London Market.
Paddon will report to Philip Hall, Managing Director of Specialty Group, based in London. His remit includes responsibility for Tokio Marine HCC’s growing European operations based in Paris and Munich.
The team will be able to offer access to market-leading capacity, providing an event cancellation line of more than €50 million.
The London Market and European teams will work closely with Anthony Osterrieth who, as Head of International Business Development for its Specialty Group, is a key part of Tokio Marine HCC’s post-Brexit strategy.
Hall commented: “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.
“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.”
Paddon joined Specialty Group in 2010 as Contingency Underwriter and has over 20 years’ experience in the class.
Paddon added: “I am delighted to take on this new and exciting role and to be joined by such experienced colleagues in the London Market and across Europe.
“I’m confident that with the combined expertise of Caspar and Martha, we will continue to have the right platform for success.
“We are committed to this sector and believe there is a huge amount of opportunity here despite what has happened over the last 18 months.
“This is reflected in the new capacity we are able to provide, and this, combined with the expertise within the team, gives me huge confidence that we will go on to make the most of those opportunities.”
