Insurance Australia Group Announces Settlement Of Credit Suisse Proceedings

By Reuters News

Sept 25 (Reuters) - Insurance Australia Group Limited IAG.AX:

  • ANNOUNCES SETTLEMENT OF CREDIT SUISSE PROCEEDINGS IN FEDERAL COURT OF AUSTRALIA

  • SAYS SETTLEMENT WILL NOT MATERIALLY IMPACT FINANCIAL POSITION OR FY27 RESULTS

  • TERMS OF CREDIT SUISSE SETTLEMENT ARE CONFIDENTIAL

  • CREDIT SUISSE PROCEEDINGS CLAIMED ABOUT A$2.8 BILLION PLUS INTEREST

  • WHITE OAK PROCEEDINGS AGAINST IAL REMAIN ONGOING WITH CLAIMS OF ABOUT A$170 MILLION PLUS INTEREST

Further company coverage: IAG.AX

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