Waypoint Underwriting Management LLC is pleased to announce effective January 1, 2020, Waypoint will underwrite and manage Workers Compensation Catastrophe reinsurance on behalf of Tokio Marine Kiln Syndicates Ltd, Syndicate 510 at Lloyd’s.
Waypoint is able to authorize up to $15,000,000 per occurrence limit on behalf of Tokio Marine Kiln Syndicates Ltd, Syndicate 510.
“Growing our product offering with such a highly rated partner as Tokio Marine Kiln Syndicates Ltd highlights our commitment to bringing meaningful reinsurance capacity to our clients”, said Jason Denechaud, Managing Partner.
“I am excited Waypoint is able to further enhance the suite of reinsurance solutions available to our cedents” added Joseph Horan, Managing Partner. “Our client focus and the financial Strength of Tokio Marine Kiln Syndicates Ltd combine to make Waypoint an ideal partner to help insurers manage their Workers Comp Catastrophe exposure.”
Based in Basking Ridge, New Jersey, Waypoint is a specialty reinsurance managing general underwriter operating primarily in the United States writing Property, Casualty, Workers Comp and A&H reinsurance as well as Personal Accident insurance. Waypoint has created a value centered culture of Teamwork, Transparency, Accountability and Respect. These guiding principles and our reputation for treating people fairly has proven to be an attractive alternative during this time of heightened consolidation.
Tokio Marine Kiln Syndicates Ltd, Syndicate 510 at Lloyd’s is part of the Tokio Marine Group. Syndicate 510 benefits from Lloyd’s own ratings, A (excellent) from AM Best, A+ (strong) from Standard & Poor’s and AA- (very strong) from Fitch.