Business
Insurance time bomb didn’t halt Greensill’s IPO spruiking – The Australian Financial Review
Greensill Capital’s troubles were months in the making. But while regulators and insurers tightened the noose, it continued to talk up its float.
Greensills tardiness in raising the matter didnt impress Justice James Stevenson, who cited it as the main reason hed declined to grant an injunction preventing IAG from ceasing coverage. The lack of insurance was of serious concern to Greensills lender at Credit Suisse. And the rest is history.
While Greensill wasnt urgently consulting its lawyers about its insurance arrangements, Lex Greensill was often in the news. Mostly to spruik a capital raise.
In early November, this newspaper reported that…
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