TMR stresses its resilience and global distribution
Tokio Millennium Re (TMR) is resilient and strong—but also nimble and ambitious, according to Brian Secrett, its chief underwriting officer.
One of the key features of TMR is that it is small and therefore nimble, Secrett said, but despite its size TMR offers a global distribution, with offices in Sydney, Zurich, London, Bermuda and Stamford, giving it an advantage over its larger and less nimble rivals.
Secrett told Monte Carlo Today that the company assumes risks and manages clients and brokers directly in each of those locations. It has identified five core portfolios it will maintain and continue to optimise.
These are: general liability business; professional liability business; marine & energy; catastrophe risk; and credit business.
Each segment of risk is managed centrally by a portfolio manager who looks after each regional segment.
According to Secrett, TMR is keen to remain a client-focused global specialist reinsurer.
“We will use the analytics that the company’s strategy is based in, and partner with clients to innovate,” he said. “We can partner with our clients when it comes to working with difficult risk, or new forms of risk transfer.”
Secrett pointed out that when others have fallen by the wayside, TMR has been resilient and pursued new ways of transferring risks. He added that in particular TMR has an appetite for most speciality risks.
“The company has always grown organically, not via acquisition, so there’s still scope for TMR to continue to fill out its portfolio and to grow alongside its clients,” he concluded.
