Pause operations: company temporarily curtailing operations while keeping return options open

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Tokio Marine Holdings is an international insurance company.

Pause operations: company temporarily curtailing operations while keeping return options open

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Glob.Revenue, mln.USD
42253

Japanese companies Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance will stop war risk insurance for ships passing through Russian waters from January 1, 2023.

The Company Statement
December 24, 2022

Suspend new contracts and repatriate employees.

December 24, 2022Japanese insurers will stop covering damage to ships in Russian waters
December 16, 2022Ukraine, Russia plane and ship insurance at risk from Jan 1 -sources
April 07, 2022Tokio Marine Risk Management Rus, LLC (Insurance Agent)
April 09, 2022Japan nonlife insurers halt contracts for firms operating in Russia
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