Tokio Millennium Re improves underwriting performance in 2015

Tokio Millennium Re (TMR) posted improved
underwriting results for full-year 2015, as its combined ratio
narrowed by 2.4 percentage points to 94.3 percent.
The Tokio Marine subsidiary experienced positive prior-year
development of $8.6mn, pushing down its combined ratio by 90 basis
points, compared to an adverse development of $33mn in 2014.
The positive swing helped to trim the loss ratio by 3.5 points
year-on-year to 54.5 percent.
However, the firm's underlying results worsened compared to
the