25 April 2016 Insurance

TMK hires product recall specialist and property underwriter

Tokio Marine Kiln (TMK), a provider of specialist and corporate insurance, has appointed Mike Crabtree as a product recall underwriter in its London office, and Tom Yarrow as a property underwriter in its Singapore office.

Crabtree joins the enterprise risk team to manage the product recall book; he will also be responsible for driving new business throughout the TMK global distribution network. Crabtree will report to Peter Merton, active underwriter, marine and enterprise risks.

Yarrow joins TMK having spent the past four years based in Singapore at Chubb writing property/casualty business across South East Asia. Before this he was in London at Zurich, where he spent eight years underwriting real estate and commercial property business in the company market. Yarrow will report to Neil Wray, regional managing director, Asia.

Merton said: “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. In addition, Mike has experience of cross-selling which suits us perfectly given how well our reputational harm product complements product recall insurance.

“I am confident that with Mike on board, clients will be satisfied knowing their bespoke product recall needs are fulfilled.”

On Yarrow, Wray added: “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. Tom’s experience will be a useful complement to our property underwriting team and further augment our strong profile in this class.

“I welcome Tom to TMK and look forward to the further expansion of this key product line.”

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