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...One of Tokio Marine’s acquisitions, highlighted in a recent investor deck, was its April 2019 deal to buy the Bond & Credit Co, which provided $10bn of credit cover to Greensill Capital....
...In late April 2019, just days after Japanese insurance group Tokio Marine announced it had acquired BCC, Lex Greensill requested that Brereton confirm the arrangement in a letter to be shared with BaFin,...
...“This fire sale can easily destroy hundreds of millions of euros in value,” a person familiar with the concerns warned....
...Tokio Marine & Nichido Fire, which is one of Japan’s largest underwriters of corporate insurance against cyber attacks and a prime target for ransomware gangs, acknowledged to customers last month that it...
...Insurance Australia Group, one of the main insurers to Greensill Capital, has said that rival Tokio Marine and broker Marsh McLennan should share in any liability if investors in the failed lender win a...
...Earnings: Japanese insurance companies Tokio Marine, MS&AD and Sompo will publish their fiscal second-quarter results....
...IAG added that if the court ruled it had to pay out on the insurance, it would rely on the 2019 agreement to pass the credit insurance exposure to Tokio Marine....
...He has already been turned down by 30 entities, including Berkshire Hathaway, Allianz, Munich Re, Swiss Re and Tokio Marine HHC....
...Greensill’s insurers, which include BCC’s former parent Insurance Australia Group, Tokio Marine and Zurich are refusing to pay out on the company’s credit cover....
...What are the impacts of any efforts associated with things like ocean fertilisation [adding iron to the ocean to stimulate marine growth to absorb CO₂] or ocean colonisation [building human settlements on...
...Lloyd’s insurers Tokio Marine Kiln, Chaucer and Liberty Specialty Markets are among those that have pledged to hold the risk for a total of £500mn of insurance coverage written in partnership with these...
...And one thing to start: Adam Neumann, the co-founder of WeWork, has submitted a conditional bid of about $600mn for the bankrupt co-working company he led until 2019, according to three people briefed on...
...Tokio Marine has accused Greensill Capital of using “fraudulently obtained” insurance policies....
...IAG, alongside Tokio Marine and Zurich, are refusing to pay out on Greensill’s credit cover....
...One person familiar with the investigation said the IS had been focused on a decision by insurance company Tokio Marine to cancel its insurance contract and efforts by Lex Greensill to get them to extend...
...The International Union of Marine Insurance said in September that although fires caused by these vehicles were not more common or intense than those caused by traditional cars, new firefighting techniques...
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...Marine insurance experts told the Financial Times that the accident would probably lead to a substantial claim, including for damage to the bridge and disruption to the port....
...“This historic high seas treaty creates a co-ordinated approach to establishing marine protected areas on the high seas, a critical step to conserving ocean biodiversity,” said US secretary of state Antony...
...through two quick-fire deals for rival banks....
...for the Green party who has co-led the effort....
...The most urgent problem, he said, was co-ordinating aid distribution inside the enclave with Israeli forces....
...Tokio Marine’s Australian subsidiary Bond & Credit Co arranged $10bn of insurance coverage for Greensill in happier times, back when the then heavily hyped start-up had backing from SoftBank’s Vision Fund...
...A potential invasion or blockade of Taiwan by mainland China could do the same in east Asia. But war is not yet being priced into all insurance cover....
...Portfolio insurance — a dynamic hedging strategy based on stop losses which was designed to let pension funds hold a higher equity allocation ‘safely’— was deemed the villain of the 1987 crash....
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