A large reinsurer is looking at launching an ILS fronting business to fill the gap left by the pending departure from the space of Tokio Millennium Re following its agreed sale to RenaissanceRe, according to sources.
A large reinsurer is looking at launching an ILS fronting business to fill the gap left by the pending departure from the space of Tokio Millennium Re following its agreed sale to RenaissanceRe, according to sources.