Scyllogis are delighted to announce the acquisition of Tokio Millenium Re as our latest client.

Tokio Millennium Re Ltd was established in Bermuda in March 2000, the year of the millennium from which its name originates. Tokio Millennium Re provides reinsurance capacity that assists in realizing Tokio Marine & Nichido Fire Insurance Co’s ambition of creating a new market for corporate insurance and reinsurance buyers around the world.

Since its inception, Tokio Millennium Re Ltd has contributed to the strengthening of worldwide reinsurance capacity by providing catastrophe risk coverage for insurance and reinsurance companies through traditional reinsurance and innovative alternative risk transfer (ART) products. Starting in January 2010, Tokio Millennium Re Ltd has widened its scope of business by offering most Property & Casualty reinsurance products to its US clients.

Although the nature of the assignment entrusted to Scyllogis is confidential, it is consistent with Scyllogis’ focus on four strategic areas: systems integration, data architecture, data migration and IT change programmes.

“We are very excited with the prospect of working with Tokio Millenium Re” said Colin Whickman, Director and Co Founder of Scyllogis. “The assignment plays to the strengths of Scyllogis as it falls squarely within the strategic areas in which we provide services” Whickman added.

Tokio Millenium Re is the second subsidiary of Tokio Marine & Nichido Fire Insurance Co to become clients of Scyllogis, following Tokio Marine Europe who has been an active client of Scyllogis for approaching four years.

“We look to build long term relationships with our clients based on mutual trust and providing a high quality service in all the assignments we undertake” said Whickman; “I look forward to working with Tokio Millenium Re for a long time to come”.