Toa Re Expands Its European Portfolio
May 21, 2018
The Toa Reinsurance Company, Ltd. (Toa Re), will begin underwriting European reinsurance business in Zurich, Switzerland, with Philippe Regazzoni as CEO. The Toa 21st Century Reinsurance Company Ltd. (TTFC), domiciled in Switzerland, a wholly owned licensed reinsurance subsidiary of Toa Re since 2002, assumes reinsurance from its parent. Aiming to further develop its European portfolio currently written from Tokyo, Toa Re has decided to activate TTFC under the trading name "Toa Re Europe" to write third-party business in addition to existing business from its parent. Toa Re Europe is now preparing for the launch, including hiring experienced underwriters and other professionals locally, obtaining credit rating, and fulfilling regulatory requirements.
May 21, 2018