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Report: Several execs, including CEO, to leave Tokio Millennium Re


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Report: Several execs, including CEO, to leave Tokio Millennium Re

With the completion of its acquisition by RenaissanceRe Holdings Ltd. not far off, Tokio Millennium Re (UK) Ltd. is parting ways with a few of its senior staff members, Insurance Insider reported.

CEO Stephan Ruoff and CFO Maurice Kane will reportedly depart, along with COO and head of the U.S. brand, Masahiro Koike.

Brian Secrett, group chief underwriting officer, will continue in a short-term transitional role to help the integration. The company's chief legal officer, Rajiv Raval, will also leave following a transitional period, Insurance Insider reported, citing sources. Andreas Kull, chief risk officer, will stay at the company in a transitional role.

Mark Julian, head of U.K.; Edwin Jordan, head of capital solutions; and Kathleen Faries, head of Bermuda, will also leave.

The Australian team and Zurich-based underwriting team of the company will remain in place, Insurance Insider reported.

Both companies declined Insurance Insider's request for comment.