Tokio Marine Holdings, Inc. completes divestment of reinsurance subsidiaries

Niederer Kraft Frey advised Tokio Marine Holdings, Inc. (Tokio Marine) as Swiss counsel on the sale of its reinsurance subsidiaries Tokio Millennium Re AG and Tokio Millennium Re (UK) Limited to Renaissance Re. The transaction was originally announced on October 30, 2018 and the completion follows the receipt of all necessary regulatory approvals.

The NKF team was led by Corporate/M&A partner Philipp Haas, working with associates Shu Bernet-Zhang, Nicole Gütling and Julia Tolstova, all Corporate/M&A. Technology partner Clara-Ann Gordon advised on the data protection matters. Partner Christina Rinne and counsel Elga Reana Tozzi advised on the tax matters.