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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,...
...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...“The response from Tokio Marine is very significant....
...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,...
...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....
...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...
...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...
...Denmark has long provided specialists in marine navigation who are familiar with the narrow channels, sandbars and strong currents of the Danish Straits to any large vessel carrying oil or other dangerous...
...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...
...Today’s top stories Israel launched strikes against Iran in what appeared to be limited retaliatory action for last week’s drone and missile attack by Tehran....
...Hunt on Sunday promised to embark on the “long path” to lower taxation, but his room for manoeuvre has been limited by deteriorating economic forecasts, which he confirmed had “moved against us”....
...with limited insurance cover that aim to take up the potentially lucrative business of transporting sanctioned goods....
...It is spring 2027, and Emmanuel Macron and Marine Le Pen are walking out together on to the stone steps of the Élysée Palace....
...There has been growing frustration in Tory circles that the independent UK fiscal watchdog has the chancellor in a “headlock” and that its deteriorating economic forecasts in recent weeks have limited the...
...Neil Roberts, head of marine insurance at the Lloyd’s Market Association, said it still made economic sense at present for insurers, cargo owners, charterers and shipowners to continue shipments....
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