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Insurance Australia Limited has settled $4 billion action brought by Germany's Greensill Bank and its administrator ahead of a six-month trial against the insurer and others over the failure of the trade financier.
Insurance specialist firm Gilchrist Connell has boosted its partner ranks by six, hiring a financial services regulation expert from a superannuation fund and promoting five lawyers internally.
The ACCC has opened a review into Swiss insurer Zurich's bid to acquire UK-based specialty insurer Beazley, one of the largest deals to face scrutiny under the country's new merger review framework.
The family of the late pastoralist Thomas Brickworth is on the hook for damage caused by a 2021 bushfire, after an appeals court found it was reasonable to conclude that the fire originated from a vegetation heap that smouldered for months before catching fire.
IAG is fighting a shareholder class action's bid to amend against the case to include a new damages claim, telling the court the insurer already understands the case against it.
Two Credit Suisse funds and UBS on Monday lost a battle to shield documents in sprawling litigation over the collapse of trade financier Greensill, failing in their arguments that production of the material ran afoul of Swiss and Luxembourg law.
Lander & Rogers has elevated 10 senior lawyers to the partnership ranks, including five in the law firm's insurance and litigation team.
A WA insurance broker has brought a $3 million case against insurance broking network Steadfast Group as well as insurers QBE and Allianz, alleging they engaged in anti-competitive conduct in the market for insurance broking services in Australia.
Construction PRO
A judge has granted Hassall Developments' bid to join insurance broker Arthur J. Gallagher to a lawsuit against QBE over an $80 million special risks policy after “serious defects” were allegedly found in its Imperial Towers development in Parramatta.
Insurer Allianz Australia has been unsuccessful in an application to limit Uniting Church's coverage for historical sexual misconduct claims to $15 million under a professional indemnity policy.