Greensill Capital’s key insurance agency has escalated a battle over claims, alleging the collapsed firm was “deceptive” about how it represented customers’ dealings with GFG Alliance’s metals trader Liberty Commodities.
Bond & Credit Co, the Sydney-based insurance agency that signed billions of dollars worth of policies for Greensill Capital and was previously part-owned by Australian insurance giant IAG, has filed a Federal Court cross-claim as it tries to fend off financial demands from creditors.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Bluesky: @jennywiggins.bsky.social Email Jenny at jwiggins@afr.com
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
