Insurance

US-based advisory firm White Oak, which has sued insurer IAL over the collapse of Greensill Capital, has been ordered to hand over WhatsApp messages between its former CEO and billionaire Sanjeev Gupta. 

Insurer QBE has admitted liability in ASIC’s case alleging it made empty promises to over half a million customers on policy discounts, but a dispute over the size of the penalty remains.

Insurers Marsh Limited and Insurance Australia Limited are seeking production of two reports by Deloitte commissioned by a Swiss law firm in litigation over the collapse of supply chain finance company Greensill Capital. 

Noting the aging group members, a judge has pushed the parties in two class actions against aged care facilities over COVID-19 outbreaks to shoot for a 2027 or early-2028 trial date.

Insurers fighting a case by Webuild and NRW's seeking coverage from damages caused by a sinkhole during the construction of Perth's $1.8 Billion Forrestfield-Airport Link have pointed to emails from WeBuild staff and contractors which they say prove their claims of fraud.

A Victorian law firm has been named in a dispute between Cement Australia and a now-defunct subsidiary over a $1.2 million asbestos claim payout, with the firm accused of failing to engage in mediation or comply with timetabling orders.

Trial has kicked off in a case by builders Webuild and NRW against their insurers over coverage for damage caused by a sinkhole during the construction of Perth's $1.8 billion Forrestfield-Airport Link.

Insurance Australia Limited has settled a $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.