Japan's Toa Reinsurance Co. Ltd. is planning to launch a new underwriting platform in Switzerland to enable writing European third-party business.

The new platform, Toa Re Europe, is a new trading name for Zurich-based Toa 21st Century Reinsurance Co. Ltd., which already writes existing business from its Japanese parent. Toa Re Europe is adding professional underwriters and other experts in Switzerland, securing credit rating and meeting regulatory expectations as it prepares for the launch.

Philippe Regazzoni will serve as CEO of Toa Re Europe. He was formerly CEO of Amlin AG (now MS Amlin AG) and Amlin Re Europe from 2010 to 2015.