Page 15 - Kingdom Energy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Greensill insurer Tokio Marine takes trade credit provisions Share Tokio Marine, the owner of the insurance group that guaranteed billions of dollars of securities packaged by Greensill Capital, has taken provisions for liabilities at its Australian trade credit business and confirmed it has hired external advisers to review its contracts with the supply-chain finance group. The insurance group, which owns Sydney-based Bond & Credit Co, said on Thursday that it had swung to an annual loss in its Asia and Oceania business due to a “reserve provision for trade credit insurance in Australia”. Tokio Marine declined to comment on whether the provision was directly related to Greensill Capital, which collapsed in early March.

United kingdomParduman guptaSanjeev guptaWilliam wraggDavid cameronLex greensillUnited kingdom energy holdings ltdUnited kingdom energy holdingCabinet officeCredit suisseAtlantis energyUnited kingdom energy holdingsBond credit coGreensill capitalBluestone resourcesKingdom energy holdings