Tokio Millennium Re AG (TMR), the Zurich-based global reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., announced that Mark Julian will assume the role of head of Tokio Millennium Re AG, UK Branch (TMRUK), subject to regulatory approval.
He will replace Takayuki (Taka) Sumi, who is returning to Japan to assume a new role within the Tokio Marine group. Julian joined Tokio Millennium Re (UK) Ltd. in 2008 and assumed the dual role of chief risk officer and chief actuary in 2011.
TMR was given authorization in April 2015 by the Prudential Regulation Authority to operate a branch office in the UK. TMRUK will be responsible for writing the new and renewal business formerly written by TMR’s affiliate, Tokio Millennium Re (UK) Ltd. and will start writing business from July 1 from its offices on Fenchurch Street.
Source: Tokio Millennium Re
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