Global specialties head Taylor resigns from Everest Re; TMK silent on links

Phil Taylor is set to leave Everest Re and has been linked with a senior position at Tokio Marine Kiln (TMK) only nine months after taking on the leadership of the Bermudian reinsurer’s newly established dedicated global specialties business, The Insurer can reveal.

Sources said the underwriting executive has resigned from his current position as global head of specialty reinsurance to pursue other opportunities.

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

As previously reported, Everest Re set up the dedicated global specialties business at the start of this year to bring together expertise and offerings across aviation, marine, cyber, engineering and parametric solutions.

Sources said Taylor had been a significant contributor in helping build out Everest’s global specialties capabilities and added that the business continues to be a key growth area for the carrier.

Taylor, who previously served as global head of aerospace for Everest’s reinsurance business, reported to reinsurance executive vice president and reinsurance COO Jill Beggs in the new role.

Earlier in his career he had managed sizeable aviation portfolios, including at Liberty Specialty Markets, and held roles at Axis Re and Aon.

There have been a number of high-profile exits from Everest Re’s London team in recent years, including Rob Crocker, who left the group to take up the role as head of Carbon’s Lloyd’s syndicate.

Matthew Shaw-led TMK writes a range of specialty products – including aviation – on an insurance and/or reinsurance basis.

Everest and TMK did not immediately respond to a request for comment on this article.