It would provide underwriting for businesses in Australia and New Zealand, targeting a combination of small to medium-sized enterprise (SMEs) with cover-holders, wholesale direct, facultative, and reinsurance treaty business.
Subject to regulatory approval, it would be open to underwrite business in time for the 30 June renewal season.
The new office would be led by Claudio Saita who had previously been deputy CEO and executive director of Tokio Marine Management Australasia.
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