Tokio Millennium Re AG announces the appointment of Richard BENNISON to its Board as an Independent Non-Executive Director

10 November 2016 — Daniela GHETU
richard-bennisonTokio Millennium Re AG (TMR) is pleased to announce the appointment of Richard BENNISON to its Board of Directors as an Independent Non-Executive Director with immediate effect.

Mr. BENNISON has over 35 years of experience in the financial sector. He has spent the majority of his career with KPMG where he most recently held the positions of Chief Operating Officer of KPMG Europe LLP and CEO of KPMG in the UK with full responsibility for the UK firm's operating performance. He has experience across the insurance, asset management, retail and corporate banking sectors. Mr. Bennison serves as the Chairman of Tokio Marine Kiln Syndicates Limited and Tokio Marine Kiln Insurance Limited, both affiliates of TMR.

Ian BRIMECOME, Chairman of the Board of Directors, said: "We are delighted to have Richard join TMR as a member of our Board. Richard brings with him a wide-ranging, international experience in financial services and other sectors adding a strong and diverse expertise to our Board."

TMR's Board is comprised of the following six members:
  • Ian BRIMECOME, Non-Executive Chairman
  • Richard BENNISON, Independent Non-Executive Director
  • Hans-Peter GERHARDT, Independent Non-Executive Director
  • Stephan RUOFF, Director and Chief Executive Officer
  • Misao SHINOHARA, Non-Executive Director
  • Toshiaki SUZUKI, Non-Executive Director
Originally established in Bermuda in 2000, TMR has remained at the forefront of the reinsurance industry since its inception. In order to diversify its underwriting portfolio, the company has been expanding its business both geographically and through broader product offerings since 2010, including non-catastrophe lines of business.

TMR established operations in Zurich in 2010, Sydney in 2011, the US in 2014 and the UK in 2015 to gain greater access to these regional reinsurance markets. In October 2013, TMR re-domiciled to Switzerland converting the Bermuda operation into a branch. As a subsidiary of the Tokio Marine & Nichido Fire Insurance Co., Ltd., Japan's oldest and one of its largest non-life insurance companies, TMR is primarily engaged in property, casualty and specialty reinsurance and market solutions products.