Tokyo-based reinsurer, The Toa Reinsurance Company, Ltd., is currently in the process of adding life reinsurance to the product offerings of its Zurich, Switzerland domiciled subsidiary, Toa Re Europe.
The addition of life reinsurance to the product offering expands on the firm’s property and casualty (P&C) reinsurance business, which it commenced underwriting from the end of 2018.
Under the trading name Toa Re Europe, The Toa 21st Century Reinsurance Company Ltd., a wholly owned reinsurance subsidiary of Toa Re since 2002, assumes reinsurance from third party clients mainly in the EMEA.
Currently, Toa Re Europe is preparing for the launch of its life reinsurance business, with further details expected in due course.
“Life reinsurance business is an important pillar of our group strategy and we are excited that we can expand our offering for the EMEA clients in Zurich,” said Philippe Regazzoni, Chief Executive Officer (CEO) of Toa Re Europe.
Earlier in 2020, the reinsurer welcomed Timo Krause, who previously spent more than 16 years with reinsurance giant Swiss Re, as Head of Toa Re Europe L&H.