Tokio Marine sets up life reinsurance operation on Isle of Man
Millea, Japanese parent company of Tokio Marine, has teamed up with JP Morgan to form an Isle of Man-domiciled sidecar writing annuity reinsurance business for the benefit of its Tokio Marine & Nichido Financial Life company.
The new venture is to be called Tokio Marine Bluebell Re and Millea said it will provide reinsurance coverage for guaranteed payments of death benefits and annuities in connection with Tokio Marine &
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