IAG faces multiple lawsuits about insurance for Greensill Group linked debts.
IAG says it has no net exposure to any fallout from lawsuits.
IAG allegedly agreed to insure billions of dollars in debts at Sanjeev Gupta’s steel companies despite increasing public concerns about his conglomerate’s rapid growth.
The insurance deal involved the Greensill supply chain finance group and was inked by an insurance agency in the final days of an agreement between IAG and that agency, court documents allege.
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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
Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
