IAG in trading halt following Greensill collapse

Tue, 09 Mar 2021

Insurance Australia Group has asked for trading in its shares to be suspended on the Australian stock exchange while it assesses its exposure to the collapse of financier Greensill Capital.IAG asked for the trading halt so it could "prepare a disclosure following enquiries regarding the impact of Greensill's insolvency".ASX-listed IAG is New Zealand's largest general insurer with about 45% of the market and owns the NZI, AMI, State and Lumley brands.The shares fell 48.5 cents, or 10.1%, to A$4.325 ahead of the trading halt and...

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