IAG denies Greensill trade credit exposure as share price falls
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IAG denies Greensill trade credit exposure as share price falls

Anna Sagar
09 March 2021
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Insurance Australia Group (IAG) has said it has “no net insurance exposures” to trade credit policies covering Greensill Capital after its share price fell by as much as 10% in early trading.

The Australian carrier noted that, as it had sold its 50% interest in Bond and Credit Company (BCC) to Tokio Marine in 2019, it had eliminated any net exposure to trade credit insurance from Greensill entities.

BCC

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Pol risk, credit & surety
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Anna Sagar
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