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Insurer Bond & Credit Company points finger at Greensill Group
Insurance 2022-05-24 3:01 pm By Christine Caulfield

Insurer Bond & Credit Company has denied it owes damages over the collapse of the Greensill group, saying it issued a trade credit policy at […]

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King & Wood Mallesons may be dragged into class action over ‘colossal disclosure debacle’
Class Actions 2022-04-08 4:20 pm By Miklos Bolza

King & Wood Mallesons could be dragged into a class action by commercial fishing operators against Gladstone Ports Corporation over a “colossal disclosure debacle” in […]

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IAG investigates underwriter accused of issuing unauthorised Greensill policy
Insurance 2022-04-07 9:53 pm By Miklos Bolza

Insurance Australia Group is investigating the underwriter behind an allegedly unauthorised trade credit policy issued to Greensill Capital, according to a defence by the insurer […]

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Tokio Marine goes on the offensive, accuses Greensill of fraud
Restructuring & Insolvency 2022-04-04 10:15 pm By Cat Fredenburgh

Collapsed supply chain finance company Greensill Capital has been accused of fraudulently obtaining policies from its largest insurer, Japan-based Tokio Marine, which has been dragged […]

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MLC admits to contraventions in $17.5M ASIC suit
Financial Services 2022-03-24 10:49 pm By Cindy Cameronne

Insurer MLC Limited has admitted to violating the Corporations Act by failing to send overdue notices to policyholders over a 15-year period, but will defend […]

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Greensill says insurer BCC liable for misleading statements if IAG right
Insurance 2022-03-22 3:01 pm By Christine Caulfield

Insurance Australia Group agent Bond & Credit Company owes damages for misleading representations to Greensill Capital if the insurer was not authorised to enter into […]

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Lloyd’s wins docs to probe basis for Moray & Agnew’s $3.7M settlement
Insurance 2022-03-16 4:06 pm By Miklos Bolza

Lloyd’s has won access to letters between Moray & Agnew and an insurer to test its claims that a $3.7 million settlement the law firm […]

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Insurer denies policy covered ‘excessive’ $3.7M Moray & Agnew settlement
Insurance 2022-03-11 1:32 pm By Miklos Bolza

A Lloyd’s syndicate has hit back at a lawsuit by Moray & Agnew, saying it did not have to cover part of a $3.7 million […]

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Greensill insurer BCC, sacked manager dragged into cases against IAG
Insurance 2022-03-02 11:00 pm By Christine Caulfield

Tokio Marine subsidiary Bond & Credit Company and fired underwriter Greg Brereton have been pulled into lawsuits targeting Insurance Australia Group over trade credit policies […]

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Insurers defeat appeals in COVID-19 business interruption test cases
Coronavirus 2022-02-21 5:11 pm By Christine Caulfield

An appeals court challenge by a group of small businesses seeking coverage under business interruption insurance policies for losses flowing from COVID-19 restrictions has largely […]

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