The lawsuit delivered to mild a series of embarrassing exchanges between executives at Marsh the place they mentioned the escalating monetary disaster engulfing Greensill and its most important insurer, Australia’s Bond & Credit score Co, within the run-up to Greensill’s collapse.
In an electronic mail alternate from 2020 that was shared with the courtroom, a Marsh govt described the state of affairs surrounding Greensill’s insurance coverage contracts as “a daunting absence of company governance: that is fraud which could be in breach of the Australian authorized code because it applies to insurance coverage firms”.
