Hints and tips:
...Tokio Marine is being sued by investors seeking payouts on the credit insurance, but expects no material financial impact....
...It also says that Tokio Marine failed to ensure that BCC provided “complete and accurate information” to IAG on the policies provided to Greensill....
...Corporate earnings: Sony, Japanese insurer Tokio Marine Holdings and Japan Post Bank report third-quarter earnings....
...Tokio Marine, White Oak, IAG and a spokesperson for Lex Greensill declined to comment. Foreman said he had no additional comment....
...Shilpa Strong, chief innovation officer at the insurer’s Houston-based operation Tokio Marine HCC, will take up the chief executive role at Tokio Marine Management Australasia early next month, replacing...
...Tokio Marine has accused Greensill Capital of using “fraudulently obtained” insurance policies....
...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...
...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....
...The Greensill policies were underwritten by an Australian subsidiary of Tokio Marine named The Bond & Credit Co....
...“Marine ecology is a key theme of my work,” says Dawood....
...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...
...In July 2020, Japanese insurer Tokio Marine informed Greensill that it would not extend or renew any policies and had dismissed an underwriter during an investigation into his dealings with the firm....
...The original loan was flagged as part of an internal investigation by the insurance group Tokio Marine, whose decision to pull coverage of Greensill helped trigger its collapse....
...Tokio Marine has come under heavy scrutiny in recent weeks....
...Results: Tokio Marine Holdings is expected to announce second-quarter earnings....
...Tokio Marine released a statement on Tuesday in response to a 5.5 per cent fall in its shares on the previous day....
...Tokio Marine’s shares fell more than 1 per cent on Wednesday....
...Tokio Marine has said publicly only that the insurance “covers the accounts receivable of the insured”....
...Smart reads Holding grudges Morgan Stanley cut off funding to Volkswagen in the middle of its so-called dieselgate scandal....
...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 has questioned whether the insurance policies at the heart of Greensill’s business model were valid. Tokio Marine declined to comment on Chester’s remarks....
...It is also used for applications in the marine, medical, military, pharmaceutical, semiconductor and textile industries....
...But Kirin’s abrupt pullout from Myanmar and Tokio Marine’s embroilment in the Greensill debacle through its Australian subsidiary are just the most recent examples of Japanese companies where global expansion...
...Earnings Bumble Inc is expected to show a rise in fourth-quarter revenue, driven by strong growth in paying users for its dating apps....
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