The new hire has experience in specialist markets
Insurer Tokio Marine Kiln (TMK) has appointed Matthew Shaw as its new chief underwriting officer, subject to regulatory approval.
Shaw joins from rival insurer Chubb, where he acted most recently as divisional president of global markets. He initially started at Chubb back in 2002, when the firm was known as Ace, however Shaw started his insurance career as a Lloyd’s underwriter in the 1980s.
Speaking on the appointment, TMK chief executive officer Brad Irick said: “I’m thrilled to welcome Matthew to the Tokio Marine Kiln family. He brings a wealth of experience in the specialist markets in which we operate within Lloyd’s and the broader London market.
“As insurers and reinsurers, our role in supporting people, businesses and economies as they come back online has never been more important.
“Following a strong year for TMK, our underwriting teams are energised by a refreshed strategy and new opportunities to further our purpose, support our clients and develop their businesses under Matthew’s leadership.”
Shaw added: “I’m hugely excited to be joining TMK, an organisation with a long history as a great underwriting company and one at the forefront of innovation in the Lloyd’s market.
“This is a transformational time for TMK and for the London market, and this role offers a great opportunity to be part of its continued development and success.”
TMK has four underwriting teams focused on property and casualty, marine, aviation and special risks, accident, contingency and equine, as well as reinsurance.