Tokio Marine’s Sale of Reinsurance Units to Boost Operational Efficiency: Fitch

Sat, 11/17/2018 - 16:18
by Insurance Journal

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 Millennium Re (UK) Ltd., both owned by Tokio Marine & Nichido Fire Insurance Co. Ltd., a core subsidiary of TMHD.

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