Insurance

US group White Oak argues broker failed to pass on crucial information about collapsed firm’s cover

June 19, 2023 | 02:42pm

Marsh sued for $143mn over Greensill insurance


US-based private finance group White Oak is suing Marsh for $143mn in relation to its work for Greensill Capital, arguing the insurance broker failed to pass on crucial information regarding problems with the collapsed supply-chain finance firm’s insurance cover.
The suit in London from White Oak’s European arm, detailed in a filing seen by the Financial Times, marks the latest legal fallout from the failure of the business led by Lex Greensill and advised by former UK prime minister David Cameron following the lapsing of its insurance.
This story originally appeared on: Financial Times - Author:Robert Smith
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