Richard Bennison has joined the board of Tokio Millennium Re as an independent non-executive director.

He has over 35 years of experience in the financial sector, and has spent the majority of his career with KPMG where he most recently held the positions of chief operating officer of KPMG Europe and CEO of KPMG in Britain with full responsibility for the British firm’s operating performance.

He has experience across the insurance, asset management, retail and corporate banking sectors.

Mr Bennison serves as the chairman of Tokio Marine Kiln Syndicates Limited and Tokio Marine Kiln Insurance Limited, both affiliates of TMR.

Ian Brimecome, chairman of the board of directors, said: “We are delighted to have Richard join TMR as a member of our board. Richard brings with him a wide-ranging, international experience in financial services and other sectors adding a strong and diverse expertise to our board.”

Tokio Millennium Re was founded in Bermuda in 2000. It redomiciled to Switzerland in 2013, however, it maintains a branch office on the island.