Nisshin Fire & Marine Insurance Co., Ltd appoints Law Debenture as security trustee
30 August 2016
Nisshin Fire & Marine Insurance Co., Ltd (“Nisshin”) is an insurance company incorporated in Japan operating as a subsidiary of Tokio Marine Holdings Inc., Japan's first non-life insurance company.
Law Debenture has been appointed Security Trustee by Nisshin pursuant to a security trust arrangement to ensure compliance by its UK branch of certain PRA requirements.
Law Debenture has a number of long-standing relationships with UK and non-UK insurers and is regularly mandated by such clients both as security trustee acting for the benefit of large numbers of policyholder beneficiaries and as note trustee and security trustee in capital markets bond issues.