Insurance

IAG and Tokio Marine kept their concerns about the validity of Greensill Capital's 2019 trade credit insurance policy confidential, even as they must have known the supply chain financier was using the policy to attract investors, a trial court has heard.

A judge overseeing the trial in a case against a group of insurers over the collapse of Greensill Capital has ruled that a report by a Japanese law firm is privileged despite the absence of legal professional privilege in Japan.

Insurer Nautilus has secured an extension to serve a writ on a slew of reinsurers as it awaits a High Court decision on whether to revive a class action against former NAB super fund trustee NULIS Nominees over $165 million in conflicted remuneration.

Investor White Oak on Tuesday fought back against a push by IAG and Tokio Marine for over $15 million in security on the eve of trial in its case over the collapse of Greensill Capital, saying the insurers' Rolls Royce approach was unreasonable now that the bulk of the $7 billion litigation had settled.

Greensill investor White Oak is fighting insurer Tokio Marine's claim of privilege over a report by a Japanese law firm into the collapse of the supply chain financier, saying the privilege is not recognised in Australia.

Wotton Kearney has picked up two seasoned personal injury experts from Hunt & Hunt, beefing up its Victorian insurance practice. 

A cyber and technology pro has joined Hall & Wilcox's partnership, in a move to boost the firm's cyber capability.

A court has dismissed a case by a demolition company over the collapse of Sydney Entertainment Centre's roof, which sought coverage under an insurance policy held by the since deregistered contractor that hired it.

Insurance Australia Group said Friday it had settled the $2.8 billion claims of Credit Suisse over the collapse of supply chain financier Greensill Capital.

Credit ratings agency Fitch has lost its bid for financial information about three Lloyd’s insurance syndicates which are providing after-the-event coverage in a class action over synthetic collateralised debt obligations.