Tokio Marine HCC (TMHCC), based in Houston, Texas, has announced the expansion of its specialty product offering with its entry into the Excess Casualty market. David Perez has been appointed as President, Excess Casualty, to lead the launch and build out the new offering. Perez takes up his new role with immediate effect and will report to Susan Rivera, Chief Executive Officer (CEO) of TMHCC.
TMHCC said its entry into this space is timely and will provide insureds vital new capacity as limit retrenchment continues amid challenging loss cost trends.
Perez brings nearly four decades of experience to the new division. He joins from Liberty Mutual where he served as Chief Underwriting Officer, Global Risk Solutions. He has also held senior underwriting positions, across the US and Bermuda, including at Torus Insurance Limited, American International Group, and Starr Excess Liability Insurance Company Ltd.
Topics USA Excess Surplus New Markets Casualty
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