Greensill Capital’s insurers are racing to include a previously confidential report from Switzerland’s financial regulator as part of their defence in an Australian legal battle as they try to avoid up to $7 billion in payouts.

ASX-listed IAG and its former subsidiary Bond & Credit Co – now owned by Japanese insurer Tokio Marine – are fighting creditors of Lex Greensill’s collapsed financing empire in Federal Court and trying to finalise defence statements ahead of a trial slated for August 2026 in Sydney.