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

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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