IAG News: Greensill insurer IAG turns fire on rivals in battle over investor losses - 3rd Nov 2023, 1:36am

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Insurance Australia Group, one of the main insurers to Greensill Capital, has said that rival Tokio Marine and broker Marsh McLennan should share in any liability if investors in the failed lender win a legal battle to recover their losses. IAG and Tokio Marine are among those being pursued by Greensill creditors, including Credit Suisse, in Australia’s federal court in a test case that will decide whether insurance policies that the collapsed supply chain finance company had should pay out...

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