Tokio Marine Kiln (TMK) has completed the final stage of its integration by restructuring its underwriting divisions along sector lines.
The new structure will offer clients access to both Lloyd’s and company paper with underwriting divisions now capable of writing on both platforms. TMK’s non-London based underwriters will also now be divided by business line rather than geographic location or platform.
The original seven TMK underwriting divisions have been re-grouped into four fully integrated underwriting departments: Property & Casualty; Marine, Aviation and Special Risks; Accident, Health and Life; and Reinsurance.
These four teams will have a single reporting line into Group Chief Underwriting Officer, Paul Culham.
Commenting on the restructuring Charles Franks, Chief Executive Officer, said: “When we embarked on the integration of Kiln and Tokio Marine Europe one of the main objectives was to create one structure where clients could have a single point of contact for policies on either of our platforms.
“Completing this change is a milestone for us. Our clients, regardless of where they are based or what platform they want, will be able to have a dedicated business line specific underwriter. Whilst this restructure is an internal process, the positive effects of the change will be felt by clients who will find it easier to do business with us and notice the difference in our operational efficiency.”
The changes do not affect TMK’s capital providers, both third party and the Tokio Marine Group, whose interests and respective rights remain unchanged.