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The brokers will work in the contingency team headed up by Ian Tomlin. -
Tokio Marine HCC restructured its marine, energy and renewables division earlier this year.
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Woodhouse will be based in London and report to Ed Winter, director of terrorism.
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The broker said reinsurance capacity has contracted over the past 18 months, and the once-diamond-hard aviation war market has started to soften.
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Former pricing actuary Chris Chandriotis will lead the team.
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The downstream brokers will join Price Forbes alongside former colleague Dan Nicholls, who left Miller last month.
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The ratings agency said premium rate increases for specialty lines would be most pronounced in political risk, terrorism and political violence lines because of heightened geopolitical tensions.
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The product is led by Canopius and IQUW, with support from three other Lloyd’s insurance company markets.
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The line of business entry will be via its AdA SPA 2024, which will begin underwriting in 2024.
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The broker said it anticipated new entrants in the downstream class following a profitable 2023.
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Delegates at our annual London Market Conference (LMC) described the market as “transforming” and “exciting”.
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The latest class of business entry forms part of the carrier’s ongoing international insurance expansion.
