IAG, Greensill Capital’s biggest insurer, is trying to delay a $7 billion trial over insurance claims, stating it needs more time to review more than one million documents as it opposes creditors’ calls to disclose reinsurance policies.
The ASX-listed general insurer is due to face creditors in Sydney’s Federal Court in March 2026 to defend itself against billions of dollars of insurance claims lobbed after the spectacular collapse of Lex Greensill’s supply chain finance firm in early 2021.
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