Tokio Millennium Re, 13% growth in net profit

Tokio Millennium Re, a subsidiary of Tokio Marine, has made a net profit of 140 million USD in 2013 (+13.3% compared to 2012). The reinsurer has recorded over the period, an increase in its gross written premium of 8% to 897.2 million USD. The company is reaping the benefits of its strategy of expansion in Europe and Australia and diversification of its portfolio.

Back to the relocation of its headquarters in Switzerland, the Group Assure, through its CEO, Tatsuhiko Hoshina, see Zurich as a place more conducive for the expansion of its business in the United States.