ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

Tokio Marine's pandemic review unspools into Greensill collapse

Japanese insurer failed to uncover problems at time of taking on policies

Tokio Marine's exposure to Greensill Capital has raised questions about its risk management. 

TOKYO -- The decision by Japanese insurer Tokio Marine Holdings to limit its exposure to Greensill Capital came more than a year after taking on problematic policies covering the British financial group, underscoring shortcomings in risk management.

Greensill, a SoftBank-backed company that specializes in supply-chain finance, filed for insolvency Monday after Credit Suisse Group suspended $10 billion in funding. The suspension was apparently triggered by Tokio Marine's refusal to renew insurance policies protecting Greensill against payment defaults, thrusting the provider into the spotlight.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more