Tokio Marine: Greensill policies void after ‘fraudulent misrepresentation’
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Tokio Marine: Greensill policies void after ‘fraudulent misrepresentation’

Samuel Casey
04 April 2022
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Tokio Marine has said all polices written relating to collapsed company Greensill are “void” after an extensive investigation revealed the company made apparently fraudulent representations obtaining the coverage.

During 2020, the Japanese insurer began investigating policies written by Australian subsidiary The Bond & Credit Co (BCC), and the insurer said the ongoing probe has already uncovered that matters material to the underwriting of the policies were fraudulently...

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Samuel Casey
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