Tokio Marine HCC is to bolster its marine liability division with the appointment of Paul Knighton as an underwriter.
Knighton is joining Tokio Marine from Norway’s Skuld, where he was head of marine cargo and property.
He has previously been a broker and underwriter in marine liability, covering logistics, ports and terminals.
Tokio Marine head of marine liability Darren Carr said: “The market remains challenging for all marine and transportation classes, but with a strategic approach and an emphasis on relationships, technology and adding value, we are successfully navigating the current market challenges.”
The outfit has identified marine liability as a line in which it wants to expand. The market has a better outlook than others such as hull and machinery.
Broker Aon recently highlighted it as an area where insurance rates were hardening.
Tokio Marine's drive into the market started in November last year when it took on Carr to lead marine liability in London and grow business lines in marine trades, property, protection and indemnity reinsurance, and energy.
Its marine liability arm began trading in January this year.
Tokio Marine chief underwriting officer Simon Button said: “Paul’s hire is testimony to our growth strategy, while also highlighting Tokio Marine HCC’s investment in the marine liability space.”
In a separate marine insurance appointment, The American Club has appointed Dan Tadros as its chief legal officer.
Tadros joins from New Orleans-based Chaffe McCall, where he is a partner.