Business
Insurance Australia Group forced to clarify Greensill relationship – Sydney Morning Herald
Concerns about the connection between IAG and Greensill were first revealed by The Age and The Sydney Morning Herald last week.
Insurance Australia Group has been forced to clarify its exposure to failed financier Greensill after its shares sank 10 per cent amid concerns about its relationship with the group.
The general insurance giant went into a trading halt on Tuesday after its shares tumbled over its links to Greensill, which were first revealed byThe Age and The Sydney Morning Herald last week.
Lex Greensills Greensill Capital has formally entered administration. Credit:Peter Braig
Greensills United Kingdom operating…
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