Tokio Marine Kiln (TMK) has appointed Reeken Patel as its new chief financial officer (CFO).

Patel, who will assume his new position on 1 October, succeeds James Dover who has chosen to leave the business after what the carrier described as a “highly productive twelve years at TMK and eight years as its CFO”.

Prior to his new appointment, Patel served as group CFO at Novae (now Axis), responsible for overseeing the finance, risk, actuarial and investment teams. He also played a significant role in Novae’s strategic development, ultimately overseeing the sale of the business to Axis last year.

Before Novae, Patel was a partner at PwC and its London Market actuarial practice leader.

“I am really pleased to welcome Reeken to our team at TMK,” remarked TMK group CEO Charles Franks.

“His background and outstanding track record speak for themselves and he will bring a new perspective and energy to the development of our business.  Tokio Marine has developed a powerful international presence over the last 10 years and Reeken will be key to ensuring we continue to advance our strategy within the TM Group,” he added.

Patel commented: “I am genuinely excited to be joining TMK. It’s one of the major businesses in the London Market and has created a solid platform for growth. I look forward to playing my part in building the business further over the coming years.”