Tokio Millennium Re Group (TMR) will begin offering its services to Asian clients from January 1, 2014, the group announced last week. Tokio Marine Global Re Asia, which currently writes Asian reinsurance, will realign its business whilst TMR takes responsibility for the renewal of its inward portfolio.
According to the Group this demonstrates Tokio Marine Holding’s continued commitment to emerging markets and will provide Asian clients with a wider product offering, a larger and more experienced team and a more substantial capital base. TMR staff will be making personal visits to the region in the coming months.
Tatsuhiko Hoshina, TMR’s president and CEO, said: “we are delighted to expand our product offering into the Asian market. This expansion demonstrates Tokio Millennium Re’s commitment to becoming a more global company and taking a further step in its aim of providing business solutions to clients around the world.”
Tokio Millennium Re, Asia Pacific, reinsurance