Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums – tempting companies and industry veterans to raise capital, launch new businesses or expand into new lines. New insurance ventures sprang …
Tokio Marine Holdings Inc.’s (TMHD) sale of two European reinsurance subsidiaries is likely to streamline its holdings and boost operational efficiency in the group’s underwriting businesses, Fitch Ratings said. RenaissanceRe Holdings is buying Tokio Millennium Re AG (TMR) and Tokio …
A.M. Besthas downgraded the financial strength rating to A+ (Superior) from A++ (Superior) and the long-term issuer credit rating to “aa-” from “aa+” of Tokio Millennium Re AG (TMR) (Switzerland). In addition, A.M. Best has placed these credit ratings under …
RenaissanceRe’s planned $1.5 billion purchase of Tokio Millennium Re (TMR) reinforces its strategy of being an independent reinsurer, according to Kevin O’Donnell, president and CEO of RenRe. “The TMR transaction will accelerate our strategy by providing us greater penetration into …
Zurich-based Tokio Millennium Re AG (TMR) has appointed Brian Secrett as chief underwriting officer (CUO) and member of the executive committee, with effect from Oct. 1, 2017 and subject to regulatory approvals. As the new CUO, Secrett will lead the …
Bermuda-based Tokio Solution Management Ltd.* has appointed Susan Lane and Tsuyoshi (Harry) Harigai as co-CEOs, effective Jan.1, 2016. Lane and Harigai will assume the leadership of Tokio Solution from current CEO, Kathleen Faries, who will become head of the Bermuda …
Tokio Millennium Re (TMR), the Zurich-based global reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., announced that Hans-Peter Gerhardt has been appointed to its Board of Directors as an Independent Non-Executive Director. TMR’s Board Chairman Ian …
