Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Tokio Marine Holdings is an international insurance company.

 
 
 

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Glob.Revenue, mln.USD
42253

Japanese 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.

The Company Statement
January 23, 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.

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Statements Archive
December 30, 2022Japanese companies will continue to insure ships in Russian waters against war damage until March
December 24, 2022Japanese insurers will stop covering damage to ships in Russian waters
December 24, 2022Japanese insurers to halt ship insurance for all of Russia
December 16, 2022Ukraine, Russia plane and ship insurance at risk from Jan 1 -sources
April 09, 2022Japan nonlife insurers halt contracts for firms operating in Russia
December 07, 2021Tokio Marine Risk Management Rus, LLC (Insurance Agent)
Demand to Leave Russia:Petition text has been copied to the clipboard.
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