About Tokio Marine Specialty Insurance Company
Tokio Marine Specialty Insurance Company is a wholly owned subsidiary of Philadelphia Consolidated Holding Corporation (PHLY), a member of the Tokio Marine Group. Tokio Marine Specialty is an
Excess and Surplus lines commercial insurance carrier serving specialized industries in all 50 states, including Washington, D.C. and the U.S. Virgin Islands. PHLY is rated “A++” (Superior) by the A.M. Best Company and “A+” by Standard & Poor’s. The Tokio Marine Group has more than 30,000 employees in 39 countries. The Group is ranked within the Top 20 life/non-life insurance company groups in the world based on market capitalization.
For over 50 years, Philadelphia Insurance Companies has offered specialized insurance products for niche markets. PHLY designs, markets, and underwrites commercial property & casualty and professional liability products nationwide. With over 1,700 employees in 45 states, PHLY provides competitively priced policies, local service relations, and differentiated coverage features. PHLY introduced Tokio Marine Specialty as its Excess & Surplus Lines Division in 2012 to serve non-admitted markets.
Tokio Marine Specialty has a leadership team with over 70 years of combined Excess & Surplus lines market experience, led by:
Scott Bayer, Senior Vice President
Mr. Scott Bayer leads Tokio Marine Specialty, identifying profitable target niches, providing additional product offerings to existing agents, and expanding distribution sources. Before joining Tokio Marine Specialty, he previously worked as the Senior Vice President of Casualty for Valiant Insurance Company, a Bermuda based start-up. Prior to Valiant, he worked as the Senior Vice President of Primary Casualty for Liberty International Underwriters in New York City. Mr. Bayer holds his BBA in International Management from Pace University in New York and obtained his CPCU designation in 1995.
Biju Joy, Vice President of Excess Casualty
Mr. Biju Joy has more than 22 years of underwriting experience in property & casualty insurance. His role will consist of growing and managing excess casualty on a national level, including supported and unsupported umbrella and excess. Prior to joining Tokio Marine Specialty, Biju was the National Excess Casualty Manager for CoverX Specialty Company and Regional Vice President for Travelers Insurance Company. He has also held management and underwriting positions at Gulf Insurance Company, Fireman’s Fund, AIG, and Atlantic Mutual. Mr. Joy has a BA and MS from Stony Brook University.
Ted Nienburg, Vice President of Primary Casualty
Mr. Ted Nienburg is an E&S Underwriter with more than 25 years of experience. He will be responsible for growing and managing primary casualty on a national level, including General Liability and Liquor Liability. Mr. Nienberg's extensive background in programs and individual risk underwriting covers a wide range of risks including products liability, real estate, and contracting exposures. Prior to joining Tokio Marine Specialty, he worked most recently at CoverX Specialty Company and has held previous management and underwriting positions with Liberty International, Gulf Insurance Company, CNA, and AIG. Mr. Nienburg received his BS from St. Joseph’s College in NY.
Jon Peeples, Vice President of Environmental
Jon Peeples joined Tokio Marine Specialty in 2014 as Vice President of Environmental Underwriting. In that role Mr. Peeples is responsible for establishing and growing the premises environmental book of business through new product and rate development, marketing, and underwriting training and management. Mr. Peeples started his career as an environmental consultant for the remediation industry before joining the fledgling environmental insurance industry in 1989. In the past 20 years Mr. Peeples has held management positions in environmental liability for several insurance carriers and a national brokerage firm. Jon has a BS in Environmental Science from California University of Pennsylvania.