Marsh McLennan under Credit Suisse scrutiny over Greensill collapse: report
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Marsh McLennan under Credit Suisse scrutiny over Greensill collapse: report

Anna Sagar
22 March 2021
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Credit Suisse has suggested in an internal review that Marsh McLennan failed to warn the bank about supply chain financier Greensill Capital’s expected loss of credit insurance cover, according to a Financial Times report.

Marsh McLennan was the commercial insurance broker to Greensill, which filed for insolvency earlier this month. Its collapse followed the freezing of about $10bn of funds previously marketed by Credit Suisse after Tokio Marine’s retreat left the supply chain...

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