Hints and tips:
...It also says that Tokio Marine failed to ensure that BCC provided “complete and accurate information” to IAG on the policies provided to Greensill....
...Tokio Marine, White Oak, IAG and a spokesperson for Lex Greensill declined to comment. Foreman said he had no additional comment....
...Tokio Marine has accused Greensill Capital of using “fraudulently obtained” insurance policies....
...Tokio Marine and Insurance Australia Group, which insured the bulk of Greensill’s riskier lending, have both accused Greensill of making “fraudulent” misrepresentations and declined to pay out on any claims...
...Tokio Marine has declined to comment on its exposure to Greensill....
...Tokio Marine has declined to comment on its remaining exposure to Greensill....
...Tokio Marine Kiln, part of the Tokio Marine group and one of the largest insurers at Lloyd’s of London, said any breach of its rules would “be taken extremely seriously”....
...Aegean Marine Petroleum Network, one of the world’s largest traders of shipping fuel, has filed for bankruptcy protection in New York, allowing the company to undergo a restructuring with the help of rival...
...Swiss commodity trader Mercuria has struck a deal that will see it acquire almost a third of Aegean Marine Petroleum in return for providing the struggling fuel oil company $1bn in credit facilities plus...
...It has provided funds to Noble Group, the struggling commodity trader, and more recently Aegean Marine Petroleum, a troubled fuel oil company....
...The $1bn arrangement with Aegean Marine is the biggest yet executed by Mercuria....
...Elsewhere, AP Moller-Maersk, the Danish shipping group, is using it in marine insurance contracts and some of Europe’s biggest banks, including HSBC and Deutsche Bank, in cross-border trade finance....
...Terrel Williams, a gun owner and former marine who said he was shot in 2001 when driving from DC to St Louis, called for greater engagement....
...Ltd. and Liberty Mutual Insurance Group....
...Nomura, the country’s largest brokerage, sold its insurance unit Asahi Fire & Marine Insurance to ecommerce group Rakuten in January as it focuses on expanding its investment banking business in the US....
...Now marine risks from Asia, for example, don’t need to come to London at all.”...
...In a synchronised response, offshore mega-deals by the country’s insurers have continued one after the other, highlighted by the $7.5bn acquisition of HCC by Tokio Marine three years ago....
...The oil fund has also banned from its portfolios Evergreen Marine, Korea Line, Precious Shipping, and Thoresen Thai Agencies because of “risk of severe environmental damage and serious or systematic violations...
...Third, Thailand’s manufacturing “super cluster” on the eastern seaboard is a highly competitive production base for vehicles and related components....
...US defence chiefs, who had no prior knowledge of the deal, sounded alarm over growing Chinese influence in a city that houses a military base used by US marines....
...The company said on Friday it was facing a range of challenges from “unfavourable foreign exchange rates, continued headwinds for the marine and protective coatings industry, temporary disruption to the...
...Earlier this year, private-equity group Blackstone agreed to sell its 21 per cent stake in SeaWorld to a wholly owned subsidiary of China’s Zhonghong Zhuoye Group Co Ltd, in a deal set to bring the marine...
...Private-equity group Blackstone has agreed to sell its 21 per cent stake in SeaWorld to a wholly owned subsidiary of China’s Zhonghong Zhuoye Group Co Ltd, in a deal set to bring the US marine theme park...
...Last year Tokio Marine sealed a $7.5bn purchase of the US speciality insurer HCC, and Lloyd’s of London operator Amlin accepted a £3.5bn bid from Mitsui Sumitomo....
...Rolls-Royce still expected to meet its profit guidance for this year, he added, although the outlook for its marine and industrial engines businesses remained “mixed” for 2017....
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