Tokio Millennium Re Capital Management to acquire modelling and risk analysis system
–16 May 2008
DFA Capital Management Inc. (DFA), a provider of enterprise risk management solutions to the insurance industry, has announced that Tokio Millennium Re, a wholly-owned subsidiary of the Tokio Marine and Nichido Fire Insurance Co., is to purchase its modelling and analysis software to secure a superior level of economic modelling, asset management and risk aggregation capabilities.
The Bermuda-based TMR writes property catastrophe reinsurance for unpredictable events such as hurricanes, windstorms, earthquakes, floods and other man-made or natural disasters. The company also writes terrorism, crop/hail, and workers compensation excess of loss reinsurance.
In looking for an Enterprise Risk Management solution that would integrate with their current systems and leverage existing business logic, TMR evaluated multiple vendors before selecting DFA’s products.
“TMR was looking to improve their risk modeling capabilities because they felt they were not able to model their assets adequately and they believed they needed to be able to better simulate global economic conditions for decision making purposes,” said Lisa Cash, EVP of Sales and Marketing, DFA Capital Management.
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