UK-based specialist insurance company Tokio Marine Kiln (TMK) has hired Matthew Shaw to serve as its new chief underwriting officer.

Shaw, whose appointment is subject to regulatory approval, will join the company in the first half of 2020.

He will be joining from Chubb, where he was most recently served as divisional president, global markets.

He joined Ace, now known as Chubb, in the year 2002. He started his career in the insurance industry in the 1980s as a Lloyd’s underwriter.

Commenting on the appointment, TMK chief executive Charles Franks said: “This is a first-class appointment and I know Matthew will be a great addition to our executive team as we embark on the next stage of the TMK journey.

TMK deputy CEO Brad Irick added: “I’m thrilled to welcome Matthew to the Tokio Marine Kiln family. He brings a wealth of experience in the specialist markets in which we operate within Lloyd’s and the broader London market.

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“Our underwriting teams are energised by a refreshed strategy, an improving market and new opportunities to profitably grow their businesses under Matthew’s leadership.”

Shaw stated: “I’m hugely excited to be joining TMK, an organisation with a long history as a great underwriting company and one at the forefront of innovation in the Lloyd’s market.

“This is a transformational time for TMK and for the London market, and this role offers a great opportunity to be part of the growth and continued success of this great franchise.”

Tokio Marine Kiln shuttered its Hong Kong office in October last as part of wider reorganisation of its Asian operations.

In November last year, Tokio Marine Group received approval from the High Court of England and Wales to complete its Part VII transfer ahead of Brexit.