Tokio Marine faces ‘larger-than-expected Greensill exposure’: Bloomberg

Anna Sagar

19 March 2021

Tokio Marine is facing a larger-than-expected exposure to the collapse of Greensill as its reinsurance cover doesn’t extend to the unit that wrote the majority of cover for the supply chain financier, according to a Bloomberg report.

According to the report, Tokio Marine’s Australia Bond & Credit Co (BCC), which at one time wrote around A$10bn ($7.8bn)

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