Basking Ridge, NJ – Waypoint Underwriting Management, part of Arrowhead Specialty, today announced it has entered into a reinsurance Managing General Underwriter (MGU) agreement with Tokio Marine Kiln (TMK), a leading international specialty Lloyd’s insurer, effective January 1, 2026.
Under the agreement, Waypoint will underwrite a diversified portfolio of property reinsurance business on behalf of TMK. This partnership marks an expansion of Waypoint’s capacity and existing relationship with Tokio Marine Kiln, reinforcing its commitment to providing cedents and broker partners with efficient access to superior, financially secure capital in the reinsurance marketplace.
TMK’s syndicates benefit from the Lloyd’s chain of security and Lloyd’s own ratings, A+ (superior) from AM Best, AA- (very strong) from Standard & Poor’s and AA- (very strong) from Fitch.
Joseph Horan, Managing Partner of Waypoint Underwriting Management, commented on the security and stability this new capacity provides: “Expanding our partnership with a globally respected organization like Tokio Marine Kiln is a pivotal moment for Waypoint. This agreement immediately provides our clients with access to the highest-quality financial security available in the market. The robust ratings, backed by the strength of its parent, Tokio Marine Group, ensure long-term stability and absolute confidence for the treaties we underwrite, reinforcing the foundation of our entire portfolio.”
Jason Denechaud, Managing Partner of Waypoint Underwriting Management, highlighted the positive impact on market partners: “This Management Agreement is designed to be a direct benefit for our broker and cedent partners. By adding additional capacity from Tokio Marine Kiln, we gain expanded flexibility and the ability to craft innovative, customized reinsurance solutions quickly and efficiently. It streamlines the access point for brokers, allowing them to tap into highly diversified, high-quality capacity through a single, responsive underwriting team.”
Vivek Syal, Chief Underwriting Officer at TMK, added: “TMK is delighted to expand our partnership and work with Waypoint. We greatly appreciate the breadth of expertise that Waypoint brings and are excited to strengthen our relationship with an organization that shares our vision and values.”
About Waypoint Underwriting Management
Waypoint Underwriting Management, part of Arrowhead Specialty, provides access to a portfolio of highly rated carrier partners—offering cedents immediate diversification of risk supported by billions in combined surplus. These strong partnerships enable Waypoint to deliver substantial combined authorizations and customized capacity to the reinsurance market.
For brokers, Waypoint offers a simplified path to placement: multiple carriers through a single underwriting relationship. As a quoting market, Waypoint is dedicated to delivering technical underwriting expertise, empowered service, and well-structured Property and Casualty reinsurance solutions designed to meet the evolving needs of insurers.
About Tokio Marine Kiln
Tokio Marine Kiln is a leading specialist insurance underwriting business operating in the Lloyd’s insurance market. Through our operations in the UK, US (Tokio Marine Highland) and Asia Pacific, and as part of one of the world’s largest insurance groups, Tokio Marine, we protect customers around the world against complex and ever-changing risks. We have eight underwriting teams focused on Property & Motor; Liability; Aviation; Cyber & Enterprise Risk; Marine & Energy; Special Risks; Portfolio Solutions and Specialty Reinsurance, which are complemented by our “outstanding” Claims service. Together we enable our clients to fulfil their ambitions for a better tomorrow. Tokio Marine Kiln benefits from a Standard & Poor’s rating of AA- for its Lloyd’s syndicates. For more information, visit www.tmkiln.com.