Insurance Australia Group Says Credit Suisse Settlement Not Finalized

(RTTNews) - Insurance Australia Group Ltd. (IAG.AX), an insurance company, on Monday said a settlement has not been finalized in proceedings brought by Credit Suisse entities over trade credit insurance policies related to Greensill. The company was responding to an article published by The Australian Financial Review on September 21. The article reported that the company and Credit Suisse had reached a settlement. The company said it does not comment on confidential discussions between parties to litigation. The company said its position remains unchanged from previous disclosures.