RenaissanceRe’s acquisition of Tokio Millenium Re (TMR) and the resultant ending of TMR’s fronting service in 2021 will take $6bn in capacity out of the ILS market, according to ILS Capital founder Tom Libassi.
RenaissanceRe’s acquisition of Tokio Millenium Re (TMR) and the resultant ending of TMR’s fronting service in 2021 will take $6bn in capacity out of the ILS market, according to ILS Capital founder Tom Libassi.