Tokio Marine Kiln in renewal partnership with Liberty
Specialist and corporate insurer Tokio Marine Kiln (TMK) has confirmed that Liberty Specialty Markets (LSM), provider of re/insurance products, will provide renewal terms on all expiring policies within its non-Japanese portfolio written in Spain.
LSM has hired TMK’s senior underwriting and risk management team in Madrid to ensure continuity of service to brokers and clients. The agreement reached with LSM allows TMK to consolidate operations in the country and focus on Japanese business from its Barcelona office, according to the firm.
“TMK has a strong commitment to the Spanish market and we will continue to be active in specialist products via the Lloyd’s platform and through partnerships with local underwriting agencies,” said Roger Bickmore, group strategic development director, TMK.
“This strategic shift will also allow us to reinforce our commitment to Japanese businesses on the ground in Spain whilst looking for new opportunities to grow that offering.”
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