News
WEDNESDAY 16.09.15
TMR’s Capital Solutions launch proves commitment to space
S
tephan Ruoff, the chief executive of Tokio Millennium Re (TMR), told Monte Carlo
Today that the launch this week of Capital Solutions, its new capital
markets unit,
highlights the importance the company places on its links into this space. He said the purpose of Capital Solutions was to enhance the company’s reach into the capital markets. The unit will focus on developing new capital markets products and leveraging the use of technology to transact business with TMR’s capital markets partners. It
will coordinate the work of TMR
and Tokio Solution, a wholly owned subsidiary of TMR, which both work with the capital markets in a variety of ways. Tokio Solution will remain the distribution hub in managing
and facilitating reinsurance linked contracts
and structures. Capital Solutions will be headed up by Edwin
Jordan, now head of TMR Bermuda, from TMR’s Bermuda office. Kathleen Faries, currently the chief executive of Tokio Solution, will replace him as head of Bermuda from the start of 2016. A replacement for Faries is being sought. “Capital Solutions draw together a number
of disciplines such as IT, analytics, traditional reinsurance and ILS to work holistically with our risk position and with investors,” Ruoff said.
“It will bring the whole management system
together. It means TMR will be able to offer greater capacity to its cedants, and will help TMR manage its overall portfolio as well as
Stephan Ruoff
better engage with capital markets partners on a number of fronts.” He added: “The management appointments
we have made also underscore our view that the synergy and collaboration across TMR and Tokio Solution in executing upon our capital markets strategy will be key to our future success.” n
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