Insurance Australia Group denies Greensill settlement with Credit Suisse

Insurance Australia Group (IAG) has clarified that it has not yet reached a settlement with Credit Suisse regarding the multi-billion-dollar lawsuit stemming from the collapse of Greensill Capital.

While negotiations for a resolution are ongoing, the lack of a finalized, signed agreement means the legal dispute remains in a state of uncertainty. This delay impacts the company's ability to finalize capital returns and creates ongoing implications for its balance sheet and risk management processes. Until the contract terms are formally fixed, liabilities and repayment mechanisms remain subject to potential reopening by other market participants.