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...Tokio Marine is being sued by investors seeking payouts on the credit insurance, but expects no material financial impact....
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...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,...
...“The response from Tokio Marine is very significant....
...The Bond and Credit Company’s parent company Tokio Marine earlier this year accused Greensill Capital of having “fraudulently obtained” these insurance policies....
...Much of it will support the new Hermandad Marine Reserve and the existing Galápagos Marine Reserve, while there will be funding for an endowment for marine conservation....
...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...
...Lloyd’s boss John Neal told the Financial Times that the incident had the potential to produce the largest marine insurance claim in history, topping the crash of the cruise ship Costa Concordia in 2012,...
...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...
...Earnings: Japanese insurance companies Tokio Marine, MS&AD and Sompo will publish their fiscal second-quarter results....
...He has already been turned down by 30 entities, including Berkshire Hathaway, Allianz, Munich Re, Swiss Re and Tokio Marine HHC....
...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....
...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....
...Its founder, Lex Greensill, told MPs in London this year that Tokio Marine’s decision not to renew his firm’s insurance cover “ensured” its collapse....
...The marine insurance market has also seen a sharp rise in the cost of travelling through the Red Sea and Suez Canal as a result of a wave of attacks by Iran-backed Houthi rebels....
...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...
...Far-right leader Marine Le Pen has at times made ambiguous comments about the procedure, such as in 2012 when she criticised so-called “abortions of convenience” and questioned whether national health insurance...
...with limited insurance cover that aim to take up the potentially lucrative business of transporting sanctioned goods....
...Since Russia withdrew from a UN-brokered grain deal in July, a limited number of ships have sailed through an alternative corridor along Ukraine’s Black Sea coast under the protection of Ukrainian coastal...
...That’s exactly the scenario a unit of Japanese insurance firm Tokio Marine is trying to persuade a court in Australia occurred in the case of collapsed finance firm Greensill Capital....
...Insurance Australia Group, whose subsidiary Insurance Australia Limited is named on the key insurance policies, told investors last year that the sale of its 50 per cent stake in BCC to Tokio Marine in 2019...
...IAG, whose subsidiary Insurance Australia Limited is named on the key insurance policies, told investors last year that the sale of its 50 per cent stake in BCC to Tokio Marine in 2019 had eliminated its...
...In recent years, 44 of the world’s biggest insurers, including five that have previously insured Carmichael — Brit, Apollo, Tokio Marine Kiln, Aspen and Ascot — have said they will not provide coverage to...
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