Tokio Marine Europe Insurance has appointed Wayne Krause as the new head of Marine Underwriting, with an aim to strengthen its position in the marine market.

In his new role, Krause will responsible for the development of the UK marine portfolio, while also managing Tokio Marine Europe Insurance’s marine underwriting activities on the continent.

Tokio Marine Europe Insurance executive operations officer Alastair Blundell said, "Wayne’s appointment reflects the strategic importance of marine business to Tokio Marine Europe Insurance’s continued development in the UK and on the Continent."

With over 25 years of experience in marine underwriting, Krause has held management positions with Zurich and FM Global.

In 2006, he joined Tokio Marine Europe Insurance to serve as corporate marine underwriting manager for Europe.

Tokio Marine and Nichido Fire Insurance were established following a merger with Nichido Fire in 2004.