Tokio Millennium Re AG Announces the Establishment of a US Branch
Tokio Millennium Re AG announced that the New York State Department of Financial Services (NYSDFS) has issued a license to TMR AG's newly formed US Branch. The branch will be known as Tokio Millennium Re AG, US Branch. The US Branch will focus primarily on non-catastrophe risks to further expand TMR AG's stated intent to diversify its risk exposure. TMR AG also established a management company for the US branch operations, TMR Management Inc., which is located in Stamford, Connecticut.