Tokio Millennium Re Ltd. was established in Bermuda in March 2000, the year of the millennium from which its name originates.

Tokio Millennium Re Ltd.’s entire capital ($650 million) has been provided by its parent company, Tokio Marine & Nichido Fire Insurance Co., Ltd., as a way of providing reinsurance capacity that would assist in realizing Tokio Marine's dream of creating a new market for corporate insurance and reinsurance buyers around the world.

Since its inception, Tokio Millennium Re Ltd. has contributed to the strengthening of worldwide reinsurance capacity by providing natural peril catastrophe risk coverage for insurance and reinsurance companies through traditional reinsurance and innovative alternative risk transfer (ART) products.

Tokio Millennium Re Ltd. is managed as a strategic element of the Tokio Marine Nichido group in order to expand long-term stable capacity to the world insurance and reinsurance markets. We believe that accepting risks with high volatility, such as natural perils, requires abundant capital to support those risks, thus providing long-term, stable capacity.