24 April 2014 Insurance

Tokio Marine Europe hires Zurich exec as CUO

Tokio Marine Europe, which will become Tokio Marine Kiln later this year, has appointed Zurich’s head of property lines for global corporate business as its chief underwriting officer.

Peter Leslie will be responsible for all aspects of underwriting across the insurer's European operation. He will report to Yusuke Otsuka, group chief executive and join the company's executive team.

Leslie has spent the past 23 years working in a variety of roles in the company and Lloyd's markets. He succeeds Eitaro Doi, who, after almost six years in Europe, has taken up a senior underwriting role in Japan with the firm's parent company Tokio Marine Holdings.

Otsuka said: "His wealth of experience across a broad range of disciplines will be enormously beneficial as we pursue our ambitions to grow our business profitably as part of Tokio Marine Kiln."

Kiln joined forces with Tokio Marine Europe in January to create Tokio Marine Kiln Group, an international provider of specialist and corporate insurance. The companies will rebrand together as Tokio Marine Kiln in November.

Charles Franks, chief executive of Tokio Marine Kiln Group, added: "Peter's knowledge and experience in large corporate business, together with his proven track record in strategic, technical underwriting, will be a significant advantage for us as we work to make Tokio Marine Kiln a leading provider in this space. He joins at a pivotal time in the company's development and we look forward to welcoming him to the team."

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