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International

IAG reveals $4.5 billion of Greensill legal claims

August 22, 2023 Reprints

Insurance Australia Group Ltd., which is ensnared in a litigation over the collapse of supply chain financing firm Greensill Capital Pty Ltd., said in its annual report on Aug. 21 that it has 20 claims with an aggregate value of $7 billion Australian ($4.5 billion) related to the cases, Financial Times reported. The insurer is amongst several groups, including Tokio Marine Holdings Inc. and Zurich Insurance Group Ltd., that have declined to pay out Greensill’s credit cover.

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IAG reveals $4.5 billion of Greensill legal claims

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