Tokio Marine HCC (TMHCC), a specialty insurance provider, has announced its entry into the Excess Casualty market, appointing David Perez to lead the new offering.
TMHCC’s entry into the Excess Casualty market comes at a crucial time, providing much-needed capacity for insureds as insurers continue to reduce limits in response to rising loss costs.
David Perez has been named President of Excess Casualty and will report directly to Susan Rivera, CEO of TMHCC.
He brings nearly 30 years of experience to the role, having most recently served as Chief Underwriting Officer for Global Risk Solutions at Liberty Mutual Insurance.
Perez has also held leadership positions at StarStone Insurance, AIG, Glaucon Risk Group, and Starr Insurance Companies.
His deep understanding of the casualty industry, combined with TMHCC’s underwriting best practices developed over its 50-year history, lays a strong foundation for profitable growth and market leadership.
Susan Rivera, CEO of TMHCC, stated, “TMHCC’s entry into the Excess Casualty market at this pivotal juncture once again demonstrates our unwavering commitment to the needs of insureds and aligning capacity where it is required most. While entering a new market can bring its own set of challenges, TMHCC is well-positioned to capitalise on the opportunity the firming of the excess casualty market presents.”
Rivera expressed enthusiasm for Perez’s appointment, noting, “David brings with him a wealth of experience and will undoubtedly strengthen our deep technical expertise as TMHCC cements its position in the market. It also highlights our commitment to employing the best in the business as we prioritise the development and growth of products that will enable policyholders to enhance their resilience.”
Perez added, “TMHCC has an exceptional reputation in the specialty insurance sector, and I am excited to launch its presence into the Excess Casualty market. There is a clear opportunity for TMHCC’s unique blend of underwriting acumen, analytics and disciplined limits and cycle management. I am looking forward to working with Susan and the team to build the new offering.”
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