https://www.copyright link/companies/financial-services/iag-targeted-in-3b-insurance-fight-after-greensill-collapse-20230127-p5cfw9
Seems like this number keeps growing. I feel I may have missed something in a report, but I do recall back in March 21 it seemed like there was minimal risk because either:
a) IAG sold BCC before the policies in question were written, and the exposure is with Tokio Marine, or
b) There is a reinsurance agreement in place which creates the lack of net insurance exposure to Greensills.
(9 March 2021 announcement).
As IAG are named as a defendant in the case, it is making me question reason a). https://www.comcourts.gov.au/file/Federal/P/NSD110/2022/actions
As for reason b) has there been any disclosure of who IAG has reinsurance agreements with for this exposure, and how much for?
TIA.
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IAG
insurance australia group limited
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NEWS: Credit Suisse targets IAG in $3b Greensill insurance fight
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Last
$8.67 |
Change
0.000(0.00%) |
Mkt cap ! $20.50B |
Open | High | Low | Value | Volume |
$8.70 | $8.76 | $8.65 | $34.96M | 4.026M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 67 | $8.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.68 | 109 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 67 | 8.650 |
1 | 100 | 8.590 |
1 | 888 | 8.580 |
2 | 867 | 8.550 |
1 | 12000 | 8.510 |
Price($) | Vol. | No. |
---|---|---|
8.770 | 3000 | 1 |
8.780 | 31600 | 2 |
8.790 | 8860 | 1 |
8.800 | 2637 | 5 |
8.810 | 30000 | 1 |
Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
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IAG (ASX) Chart |