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.
https://www.copyright link/companies/financial-services/iag-targeted-in-...
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Last
$8.75 |
Change
-0.350(3.85%) |
Mkt cap ! $20.69B | |||
| Open | High | Low | Value | Volume |
| $9.02 | $9.02 | $8.75 | $70.64M | 8.017M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 700 | $8.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.80 | 2000 | 1 |
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| Last trade - 16.10pm 21/08/2025 (20 minute delay) ? |
| IAG (ASX) Chart |