TMK confirms hire of Everest’s Taylor to lead new specialty reinsurance unit

Tokio Marine Kiln (TMK) has confirmed the appointment of Phil Taylor, with the former Everest executive joining to head up a new specialty reinsurance division.

The move confirms The Insurer’s exclusive reporting on Monday that Taylor was set to leave Everest just nine months after taking on the leadership of its newly established dedicated global specialties business.

As previously reported, Everest formed the unit at the beginning of this year to bring together expertise across aviation, marine, cyber, engineering and parametric solutions.

Prior to that, Taylor had served as global head of aerospace for Everest’s reinsurance business.

This publication linked Taylor with a move to TMK, the Lloyd’s and London market operation of Japanese giant Tokio Marine.

In his new role as head of specialty reinsurance – which is effective from early 2025 – Taylor will be focused on building TMK’s global specialty reinsurance portfolio as part of the firm’s diversification and growth strategy.

Commenting on the appointment, Vivek Syal, chief underwriting officer at TMK, said: “TMK’s reinsurance expertise is renowned market-wide and we are extremely well positioned to build our portfolio.

“Phil is an exceptional underwriter and business leader, and I’m delighted to bring him on board to work with our heads of underwriting to expand our presence in this strategically significant class and provide an outstanding service to our clients.”