Credit Suisse is pursuing insurers for some $US1.2 billion ($1.67 billion) to pay back investors in its supply chain finance funds, as it struggles to recover payments owed following Greensill Capital’s collapse.

The Swiss bank has told investors that it has now filed five insurance claims, with most of the claims linked to invoices associated with Sanjeev Gupta’s global steel group, GFG Alliance, and US company Bluestone Resources.