Underwriting Philosophy

Our primary operating objective is to provide catastrophe risk management products for insurance and reinsurance clients around the globe. We do this with an emphasis on quantitative risk management techniques.

Within the world of catastrophe risk management, we currently engage in two areas of business: traditional natural catastrophe products and structured reinsurance products.

For traditional natural catastrophe products, we target non-Japanese risks with an average return period of 100 years. For structured reinsurance products, we focus on providing out-of-the-money transactions with very low loss probabilities and high severity impacts.

These lines of business are different, and yet they share the value of carefully calculated risk management across our balance sheet. This combined risk portfolio enables us to achieve a significant risk diversification benefit over the long run when constructed in a careful manner with appropriate capital management tools and a shareholder who is focused on long-term results.

Note: Tokio Millennium Re Ltd. is a Bermuda domiciled reinsurer that conducts business only in Bermuda. We do not conduct business in any other jurisdiction.