Tokio Marine grows reinsurance premium by a third

Tokio Marine's reinsurance arm defied the soft market
environment to grow its net written premiums by 33 percent to
163.1bn yen ($1.45bn) for the nine months to 31 December.
The increase at the unit, which includes Tokio Millennium Re,
mainly came from non-catastrophe business and multi-year policies,
Tokio Marine said.
However, the reinsurance operations reported a 9 percent drop in
profit to 9.2bn yen, due to large losses and FX movements.
Overall, the international business, which includes re