Business
Lex Greensill: Insurers baulked at Greensill Capital eight months ago – The Australian Financial Review
Greensill Capital was aware as early as July 2020 that its insurers didn’t want to renew US$4.6 billion in policies expiring in March, and it couldn’t find alternative…
But Justice James Stevenson ruled that Greensill had been aware of the pending expiration of the policies since mid-2020. His judgement reveals that Greensill had tried to find alternative cover to the expiring policies without success and that it had only sought legal advice about its position in London on February 25, 2021 and in Sydney on February 26.
Tokio Marine Management, which bought Insurance Australias 50 per cent stake in trade finance specialist BCC Trade Credit in 2019 and now fully…
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