12 February 2015News

Tokio Millennium Re posts strong results

Tokio Millennium Re, the reinsurance subsidiary of Tokio Marine, has posted solid results for the first nine months of 2014.

The reinsurer wrote $1.1 billion in reinsurance premiums assumed in the first nine months of 2014, an increase of 35 percent compared with $788.8 million in the first nine months of 2013.

Its revenues hit $631.3 million in the first nine months, compared with $519.3 million in the same period of the prior year.

However, its profits fell to $80 million for the period, compared with $99.4 million in the first nine months of 2013. Income from catastrophe bonds also fell to $1.4 million in the first nine months of 2014, compared with $2.7 million in the same period of the prior year.




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16 August 2019   Insurtech AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has announced that former TMR executive Tatsuhiko Hoshina has joined its advisory board.
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23 May 2019   Ariel Re, a re/insurance underwriting subsidiary of the Argo Group, has appointed Sean Kelly as senior vice president, specialty underwriter, credit and financial products, effective June 10.
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22 March 2019   RenaissanceRe Holdings has announced that it has concluded its acquisition of Tokio Millennium Re (TMR).

More on this story

News
16 August 2019   Insurtech AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has announced that former TMR executive Tatsuhiko Hoshina has joined its advisory board.
News
23 May 2019   Ariel Re, a re/insurance underwriting subsidiary of the Argo Group, has appointed Sean Kelly as senior vice president, specialty underwriter, credit and financial products, effective June 10.
News
22 March 2019   RenaissanceRe Holdings has announced that it has concluded its acquisition of Tokio Millennium Re (TMR).