Tag: Tokio Millennium Re Ltd
Tokio Millenium Plans Swiss Move
Bermuda-based Tokio Millennium Re Ltd. announced today [May 14] that it plans to move its place of incorporation to Switzerland as part of a larger restructuring effort. The global reinsurer said the move is part of a long-term strategy to diversify its product offerings and geographic reach and aligns it with a larger globalization effort of parent... Read more of this article
Tokio Millennium Re Hold “‘Day Of Giving”
Staff from Tokio Millennium Re displayed their community spirit by spreading out across Bermuda to help three of the island’s charities on Thursday. The Tokio Day of Giving saw employees volunteer at The Reading Clinic, Casemates and WindReach. The Reading Clinic received a new coat of paint for its resource library while at Casemates Tokio employees... Read more of this article
Tokio Re Sponsors Children’s Cricket Program
The Bermuda Cricket Board announced that Tokio Millennium Re Ltd. is sponsoring the free Pee Wee ‘Have-a-go’ cricket program for children ages 5 7. The program takes place at Berkeley Institute Gym every Saturday in March, starting on March 2 and finishing on March 30, 2013. The sessions will run as follows:5 Year Olds – 2.00 –... Read more of this article
Tokio Donates $50,000 To The Reading Clinic
Tokio Millennium Re made a significant donation to The Reading Clinic, Bermuda’s only charity dedicated to enhancing the literacy and numeracy skills of children with learning difficulties. The Bermuda-based reinsurance company has become the lead sponsor of the Clinic’s Core Reading Programme after presenting the Clinic with a cheque for $50,000. The... Read more of this article
Tokio Re Form Two New Corporations
Bermuda-based Tokio Millennium Re Ltd. announced the formation of two new corporations: Tokio Solution Management Ltd. (TSM), an insurance management company, and Shima Reinsurance Ltd. (Shima Re), a Bermuda-domiciled segregated accounts company. The launch of these two wholly-owned companies represents the next step in TMR’s long-standing objective... Read more of this article
Tokio Re Expands EQECAT Ties
Bermuda’s Tokio Millennium Re [TMR] has expanded its relationship with catastrophe modelling firm EQECAT by globally licensing EQECAT’s WORLDCATenterprise — a global catastrophe risk modelling platform that includes 181 natural hazard models for 95 countries and territories spanning six continents. In addition, TMR will be automating... Read more of this article
A.M Best Upgrades Tokio Millennium Re
A.M. Best Co. today [Nov.4] upgraded the financial strength rating to A++ [Superior] from A+ [Superior] and the issuer credit rating to “aa+” from “aa-” of Bermuda’s Tokio Millennium Re Ltd. The outlook for both ratings is stable. Based on Pitts Bay Road, TMR is a wholly owned subsidiary of Tokio Marine & Nichido Fire... Read more of this article
Tokio Youth Mountain Bike Series Schedule
Every Bermuda child is a winner who participates in the popular Tokio Youth Mountain Bike Series. The free seven race series, sponsored by Tokio Millenium Re Ltd. and Bicycle Works, is sanctioned by the Bermuda Bicycle Association, returns for a sixth year on November 19th. Its aim is to introduce primary school aged children to cycling as a way to... Read more of this article
Tokio Millennium Opens Australian Branch
Bermuda-based Tokio Millennium Re Ltd., a subsidiary of Japan’s Tokio Marine & Nichido Fire Insurance Co., Ltd., today [Mar.3] announced the Australian Prudential Regulation Authority [APRA] has authorised the firm’s Australian branch to carry on insurance business in the country. Tokio Millennium Re Ltd.’s Australia branch [TMRA] is an... Read more of this article
Bermuda Reinsurer Wins Florida Approval
Florida has approved lower collateral payments allowing another Bermuda reinsurer to particpate in its insurance market under modified reguilatory terms. Tokio Millennium Re Ltd., a subsidiary of Tokio Marine & Nichido Fire Insurance Co., Ltd., said today [Feb. 28] it has been granted approval by the Florida Office of Insurance Regulation (OIR)... Read more of this article
