Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackTokio Marine Holdings is an international insurance company.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackJapanese companies Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance initially promised to stop war risk insurance for ships passing through Russian waters from January 1, 2023. But on 30.12.2022 the largest Japanese insurance companies have decided to continue the insurance of military damage vessels in Russian waters at least until March 2023.
Suspend new contracts and repatriate employees. 30.12.2022 The largest Japanese insurance companies have decided to continue the insurance of military damage vessels in Russian waters at least until March 2023 charging 80% more for LNG carriers in Russian waters.