Specialist and corporate insurance provider Tokio Marine Kiln (TMK) has beefed up its offices in London and Singapore with the hiring of two veteran underwriters.
The insurer has appointed Mike Crabtree as a product recall underwriter in its London office where he joins the enterprise risk team to manage the current product recall book.
Reporting to Peter Merton, active underwriter, marine and enterprise risks, Crabtree will be responsible for driving new business throughout the TMK global distribution network.
Before moving to TMK, Crabtree served as a senior product recall underwriter at a global insurer.
“Mike is one of the few specialists in the product recall market and having someone with his level of contacts to both manage and grow the book is vital,” Merton said.
“In addition, Mike has experience of cross-selling which suits us perfectly given how well our reputational harm product complements product recall insurance.”
The company has also appointed Tom Yarrow as a property underwriter in its Singapore office where he joins the growing TMK Asia property team. He will be reporting to Neil Wray, regional managing director for Asia.
Wray said he expects the expansion of the property product line with the addition of Yarrow to their team.
“The property portfolio is one of our flagship books of business in Asia where Lloyd’s and TMK have made real inroads into gaining market share as a trusted and expert insurer,” he said.
“Tom’s experience will be a useful complement to our current property underwriting team and further augment our strong profile in this class.”
With over 10 years of underwriting experience, Yarrow has been in based in Singapore in the past four years underwriting property and casualty business across South East Asia.
He also spent eight years in London where he underwrote real estate and commercial property business in the company market.