Growth surge sees Tokio Marine arm relocate

Move will take place in three stages

Growth surge sees Tokio Marine arm relocate

Insurance News

By Mia Wallace

Tokio Marine HCC International (TMHCCI) has today revealed that its London Market operations, including GCube, will relocate from their current, separate offices into one consolidated location – on floor six of 20 Fenchurch Street, commonly known as the Walkie Talkie.

The move will take place in three stages. The first part, which is already underway, will see GCube, Marine Liability, Marine Hull, Marine Cargo and Energy make the move to their new premises. The second shift is scheduled for Q4 2022 and will see all other London Market teams, US credit and underwriting performance move to the new location.

The final phase will occur in Q1 2023 where a new broker trading floor will be located on floor seven.

In a Press release, TMHCCI noted that its London Market operations have grown significantly in recent years, with plans for further expansion compelling the move to larger premises.

Commenting on the relocation, Simon Button, chief underwriting officer for TMHCCI’s London Market business, said the growth trajectory in the last few years had been “as remarkable as it has been consistent” and that as it has expanded, it has brought in greater expertise and experience to support that growth.

“We need more space for our increasing headcount, and we want them to have the best facilities and working environment we can provide,” he said. “Our Lime Street premises have served us well over the years, but we are excited to be making the move to the Walkie Talkie with our dedicated broker trading floor and we look forward to welcoming our broker partners to our new home.”


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