Tokio Marine, a multinational insurance holding company headquartered in Tokyo, Japan, has expressed concerns over the validity of the insurance policies at the centre of Greensill Capital’s collapse.
The insurer was pressed to comment after its investors demanded clarity on its remaining exposure to the London-based supply-chain finance group, which filed for administration on Monday. According to the Financial Times, Tokio Marine said its exposure to Greensill is limited and most of it is covered by reinsurance.
Furthermore, the Japanese behemoth is now studying the validity of the policies it provided to the failing financial firm. This announcement, reported