Tokio Millennium Re Ltd. Appoints New Leadership and Affirms Ratings

Tokio Millennium Re Ltd. has recently appointed new leadership, marking a significant change for the company. The appointments were made to ensure the continued success and stability of the business.

The new leadership team has been tasked with overseeing the company's operations and strategy, with a focus on maintaining its strong financial position. This includes a commitment to meeting the needs of its clients and stakeholders.

The appointments are expected to have a positive impact on the company's future growth and development. With the new leadership in place, Tokio Millennium Re Ltd. is well-positioned to continue its success in the industry.

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RenaissanceRe acquired Tokio Millenium Re in October 2018 for $1.5 billion.

The acquisition led to job losses at Tokio Millenium Re, with employees starting to receive communication about personnel changes from the company's spokesperson.

A number of people in Bermuda lost their jobs at Tokio Millenium Re as a result of the acquisition.

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A number of people in Bermuda have lost their jobs at Tokio Millenium Re. This is a result of RenaissanceRe's acquisition of TMR in October 2018 for $1.5 billion.

The acquisition was completed, and the jobs were lost, as RenaissanceRe began communicating with employees about their intentions regarding personnel. This communication started the week the article was written.

RenaissanceRe acquired TMR in October 2018, and the jobs were lost afterwards. The exact timing of the job losses is not specified in the article.

The acquisition was a significant one, with RenaissanceRe paying $1.5 billion for TMR. This deal was completed in 2019, but the exact date is not specified.

RenaissanceRe's acquisition of TMR has led to job losses in Bermuda. The article does not provide further information on the impact of the job losses.

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Tokio Solution Management Ltd. has made a significant move by appointing Butch Agnew as Vice President, ILS Portfolio Management.

Butch Agnew has taken on a new role at Tokio Solution, where he will be responsible for developing client relationships and managing business strategies.

Susan Lane, co-CEO of Tokio Solution, is delighted to welcome Butch to the team, highlighting his appointment as a key step in the company's growth and development.

Tokio Millennium Re Ltd. has a strong leadership team in place. Butch Agnew is the Vice President of ILS Portfolio Management, responsible for developing client relationships and managing business strategies.

Richard Bennison has joined the Board of Directors at Tokio Millennium Re AG as an Independent Non-Executive Director.

With over 35 years of experience in the financial sector, Bennison brings a wealth of knowledge to the role.

He has spent the majority of his career with KPMG, holding various positions including Chief Operating Officer.

Andreas Kull has been appointed as the Chief Risk Officer of Tokio Millennium Re AG, a role he will take on with immediate effect.

Andreas Kull will be succeeding Akira Higuma, who will be returning to Japan after five years at TMR.

TMR's new Chief Risk Officer, Andreas Kull, will be a member of the Executive Committee of the company.

Andreas Kull will be leading the risk management unit, Global Risk Management, upon Akira Higuma's departure.

A.M. Best has affirmed the financial strength rating of A++ [Superior] of Tokio Millennium Re AG.

The issuer credit rating of “aa+” has also been affirmed by A.M. Best.

The outlook for both ratings is stable, according to A.M. Best.

Tokio Millennium Re AG is a wholly owned subsidiary of Tokio Marine & Nichido Fire Insurance Co., Ltd.

This parent company is the main trading entity.

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The Dive In Festival is a significant event supported by Tokio Millennium Re. It's a 3-day celebration that will take place from September 27 to September 29.

Bermuda is one of the 16 locations hosting the festival. This international event aims to promote diversity and inclusion in the workplace.

Tokio Millennium Re is a reinsurance company with a global presence, employing nearly 200 people from over 30 countries. Their commitment to diversity is evident in their support for the festival.

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