Former Mitsui chairman banned as insurer is hit with huge fine

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Historically Mitsui (Europe) supplied wholesale insurance cover only to Japanese firms operating in Europe and the Middle East.

From 2007 it expanded into non-Japanese business and by the end of 2010 half its premiums were coming from this source, much of it from branches in France and Germany.

The regulator noted that in April 2009 Mr Kumagai was seconded from the Japanese parent company and appointed as executive chairman of Mitsui (Europe).

Limited experience
His appointment was part of a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

To continue reading...

Sign In

Access Insurance Age

You are currently on corporate access.