Clearwater Underwriting Enters Upstream Energy Market with Hire of Richard Hooks
By Lauren Towner · 24 August 2026
In brief: Clearwater Underwriting has expanded into the Upstream Energy sector, appointing Richard Hooks as Managing Director to lead the new specialist underwriting division and build a dedicated broker proposition.
| New Hire | Richard Hooks |
|---|---|
| New Business Line | Upstream Energy |
| Previous Experience | 20 years at Tokio Marine Kiln |

London, 24 August 2026 – Clearwater Underwriting (“Clearwater”), the leading specialty underwriting business focused on marine risks, has appointed Richard Hooks as Managing Director, Upstream Energy, as it continues to expand its specialist underwriting platform into new lines of business.
Richard will lead the establishment and growth of Clearwater’s Upstream Energy offering, building a dedicated proposition for brokers and clients and supporting the business’s strategy to expand across a broader range of specialty and niche classes.
He joins Clearwater from Tokio Marine Kiln, where he spent more than 20 years, most recently as Departmental Head of Marine & Energy. He brings extensive technical underwriting expertise across energy and marine, as well as deep relationships across the international specialty market.
Richard will be responsible for developing the Upstream Energy portfolio, with a focus on combining technical underwriting expertise with the agility and responsiveness of the MGA model. The business will seek to provide brokers with a specialist alternative in a highly technical class, supported by Clearwater’s underwriting capabilities, technology and strong capacity partnerships.
Frequently asked questions
Who is leading Clearwater Underwriting’s new Upstream Energy division?
Richard Hooks has been appointed as the Managing Director of Upstream Energy at Clearwater Underwriting. He joins the firm with over 20 years of experience from Tokio Marine Kiln, where he previously served as the Departmental Head of Marine & Energy.
What is the focus of Clearwater’s new Upstream Energy offering?
The new offering focuses on providing brokers and clients with a specialist alternative in the technical Upstream Energy class. It combines technical underwriting expertise with the agility of the MGA model, supported by advanced technology and strong capacity partnerships.
Why is Clearwater Underwriting expanding into energy risks?
Clearwater Underwriting is expanding into Upstream Energy as part of its broader strategy to grow its specialist underwriting platform into new niche and specialty classes beyond its established leadership in marine risks.
About the companies
Tokio Marine
Website · 25 stories and 1 video interview on FF News since 2022
Previously on FF News:
- HSBC Innovation Banking Backs FemTick to End Financial Bias Against Women’s Health Firms 21 October 2026
- Tokio Marine Kiln Launches Enhanced Cyber-Physical Damage Insurance for Asset-Intensive Firms 15 October 2026
- Tokio Marine GX Launches Nine-Partner Ecosystem to Scale Green Transition Insurance 28 September 2026
Companies in this story: Clearwater Underwriting, Tokio Marine
People in this story: Richard Hooks