Tokio Marine Kiln (TMK) has appointed Reeken Patel, formerly of AXIS Capital Holdings and Novae Group plc, as its new Chief Financial Officer (CFO), effective 1 October.
Patel was group CFO at Novae from 2016, where he was responsible for overseeing the finance, risk, actuarial and investment teams, and played a significant role in the company’s strategic development, ultimately overseeing the sale of the business to AXIS in 2017.
Previously, Patel also served as Chief Risk Officer at Novae, before which he was a partner at PwC and its London market actuarial practice leader.
As CFO of TMK, Patel will succeed James Dover, who has chosen to leave the business after 12 years, eight of which were spent as its CFO, TMK said.
Charles Franks, Group Chief Executive Officer (CEO) of TMK, said: “I am really pleased to welcome Reeken to our team at TMK. His background and outstanding track record speak for themselves and he will bring a new perspective and energy to the development of our business.”
“Tokio Marine has developed a powerful international presence over the past 10 years and Reeken will be key to ensuring we continue to advance our strategy within the TM Group,” Franks added.
He continued: “James leaves us after 12 transformative years during which his skills, insight and drive have played an important role in broadening the scope of the business globally. He has my and the board’s personal thanks for his many lasting achievements. We wish him every success in his future.”
Patel also stated: “I am genuinely excited to be joining TMK. It’s one of the major businesses in the London market and has created a solid platform for growth. I look forward to playing my part in building the business further over the coming years.”
