Tokio Marine Kiln appoints Reeken Patel as new CFO
Tokio Marine Kiln (TMK) is delighted to announce the appointment of Reeken Patel as chief financial officer (CFO). He takes over from James Dover who has chosen to leave the business after a highly-productive 12 years at TMK and eight years as its CFO.
Patel, previously of AXIS Capital Holdings and formerly Novae Group plc, is an industry leader in insurance finance and risk. He will start at TMK on 1 October and his appointment is subject to regulatory approval.
Patel was group CFO at Novae, responsible for overseeing the finance, risk, actuarial and investment teams. He played a significant role in Novae’s strategic development, ultimately overseeing the sale of the business to AXIS.
Before Novae, Patel was a partner at PwC and its London market actuarial practice leader.
Charles Franks, Group CEO, said: “I am really pleased to welcome Reeken to our team at TMK. His background and outstanding track record speak for themselves and he will bring a new perspective and energy to the development of our business. Tokio Marine has developed a powerful international presence over the past 10 years and Reeken will be key to ensuring we continue to advance our strategy within the TM Group.
“James leaves us after 12 transformative years during which his skills, insight and drive have played an important role in broadening the scope of the business globally. He has my and the board’s personal thanks for his many lasting achievements. We wish him every success in his future.”
Patel added: “I am genuinely excited to be joining TMK. It’s one of the major businesses in the London market and has created a solid platform for growth. I look forward to playing my part in building the business further over the coming years.”
ENDS
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Damian Beeley
Haggie Partners
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Richard Adams
Haggie Partners
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About Tokio Marine Kiln
Tokio Marine Kiln is a forward thinking international insurance underwriting and services business. As part of one of the world’s largest insurance groups, Tokio Marine, we empower our people around the world to protect customers against complex and ever-changing risks. We have four underwriting teams focused on: Property & Casualty; Marine, Aviation & Special Risks; Accident & Health ; and Reinsurance, which are complemented by a first-class claims team and an expert risk engineering service. Tokio Marine Kiln benefits from Standard & Poor’s ratings of A+ for its Lloyd’s and Company platforms. For more information, visit www.tokiomarinekiln.com.