Tokio Marine Kiln hires Novae CFO as Dover departs

Tokio Marine Kiln (TMK) has appointed Reeken Patel as chief financial officer (CFO), replacing James Dover who is leaving the business after 12 years in the position.

Patel was most recently group CFO at Novae, responsible for overseeing the finance, risk, actuarial and investment teams. He is said to have played a significant role in Novae’s strategic development, ultimately overseeing the sale of the business to AXIS. Before Novae, Patel was a partner at PwC and its London market actuarial practice leader.

Patel will start at TMK on Oct. 1.

Charles Franks, Group CEO, TMK said: “I am really pleased to welcome Reeken to our team at TMK. 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 past 10 years and Reeken will be key to ensuring we continue to advance our strategy within the TM Group.

“James leaves us after 12 transformative years during which his skills, insight and drive have played an important role in broadening the scope of the business globally. He has my and the board’s personal thanks for his many lasting achievements. We wish him every success in his future,” Franks 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.”

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