Tokio Marine HCC (TMHCC) is restructuring its international contingency business with Neil Paddon now promoted as head for its London market and European operations.
Paddon has been with Tokio Marine HCC- Specialty Group for over a decade, and assumes responsibility for London and Europe, including product distribution for Tokio Marine Group to South Africa, Asia and the Middle East.
He 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.
In addition, Caspar Prestidge has been promoted to senior contingency underwriter, and Martha Crowhurst to underwriter, both operating in the London market.
Hall said: “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,” he said.
“Neil has been instrumental in growing our contingency business over the last decade, and it remains a key element of our wider Specialty portfolio.”
He added: “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.”