StocksMedium•24 September 2026•
1 min read
IAG Settles $2 Billion Credit Suisse Lawsuit Over Greensill Collapse
Key Facts
1A unit of Insurance Australia Group (IAG) agreed to settle a A$2.8 billion ($1.96 billion) lawsuit filed by Credit Suisse.
2The lawsuit pertains to losses linked to the collapse of the finance firm Greensill Capital.
A unit of Insurance Australia Group (IAG) agreed to settle a A$2.8 billion ($1.96 billion) lawsuit filed by Credit Suisse. Reuters reported that the legal action pertained to losses linked to the collapse of the finance firm Greensill Capital.
The settlement resolves long-standing legal disputes over insurance coverage and losses incurred by Credit Suisse investors following the 2021 insolvency of Greensill. This agreement removes a significant legal overhang for the Australian insurer, though the specific financial terms were not fully disclosed.