Tokio Millennium Re launches US branch
Tokio Millennium Re, the reinsurance unit of Tokio Marine & Nichido Fire Insurance, has established a US branch as part of its strategy of growth and diversification.
The branch will focus primarily on non-catastrophe risks to further expand the company’s stated strategy of diversifying its risk exposure.
The announcement came after the reinsurer obtained a licence from the New York State Department of Financial Services.
It also established a management company for the US branch operations, TMR Management, which is located in Stamford, Connecticut.
Tatsuhiko Hoshina, Tokio Millennium Re’s chief executive officer (CEO), said: “We are excited about the establishment of our US branch which is an integral part of our strategic business plan. The US branch aims to have our "feet on the ground" to broaden access to our US cedants and brokers and will position us well for the future growth in the US reinsurance market.”
Hoshina will head the US branch while also maintaining a presence in Bermuda as group CEO.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze