Kiln and Tokio Marine Europe join forces

Kiln Group and Tokio Marine Europe will form a new combined operation which will provide specialist and corporate insurance products within the Lloyd’s and Company markets.

Effective from January 1, 2014, the new operation, Tokio Marine Kiln Group, will be led by Charles Franks as group chief executive officer.

The businesses, which are part of the Tokio Marine Group, will focus on continued profitable growth in Europe and beyond.

“We have played a key role in the delivery of Tokio Marine’s international strategy for five very successful years, and now is the right time to take this proactive step and build on the strength of that relationship,” said Franks.

“By bringing together two strong, longstanding businesses with distinct yet complementary capabilities, our intention is to create a leading international provider of specialist and corporate insurance to deliver continued profitable growth. The main purpose of this exciting move is to address our clients’ needs better by providing them with a broader range of products, increased capacity and greater choice and flexibility through Lloyd’s and a Company platform.”

Yusuke Otsuka, chief executive of Tokio Marine Europe, who will assume the role of deputy group chief executive officer of Tokio Marine Kiln, said: “We are excited by this move to deliver sustained profitable growth across Europe, where we have established a foothold, and beyond. Through working together, our clients will benefit from increased scale, a broadened distribution network and combined capabilities, which will enable us to provide enhanced flexibility and service. I would like to thank our clients for their continued support to date, and reassure them that our commitment to them remains unchanged as we undertake this exciting step towards growing our business.”

Tokio Marine Kiln’s London headquarters will be based in London.