Tokio Millennium Re has unveiled plans to launch a segregated cell company that will compete with the likes of Kane, Horseshoe and Aon as it moves into the transformer business.
The reinsurer plans to launch two new Bermudian companies that Tokio says will together make it the only full-service market facilitator for alternative reinsurers.
The segregated cell company, Shima Re, will conduct transformer business. It will sit alongside a new Tokio Solution Management brand that will incorporate all the other...
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