The key insurance man for now collapsed fast-finance business Greensill Group allegedly asked founder Lex Greensill for charity donations, and blamed “hubris” for signing up multimillion-dollar insurance deals that blew past his authorised limits.
Insurance underwriter Greg Brereton also allegedly blamed the “intoxication” of signing up what he thought were safe deals in explaining why he signed agreements at the heart of $7 billion in disputes entangling insurers, including Australian giant IAG.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. 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
