Tokio Marine says ‘no material impact’ from Greensill insolvency

Credit: Shutterstock/T. Schneider

Tokio Marine’s liabilities from the collapse of supply chain finance firm Greensill are limited to trade credit insurance cover provided by Australian agent Bond & Credit Company (BCC), the company said, correcting reports that suggested it could be on the hook for exposures of about A$10bn. Addressing media speculation, Tokio Marine said it does not expect any material impact from…

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