Iag's New Bear Doesn't See Greensill Risk Priced In

Dow Jones

06/29

0045 GMT - Insurance Australia Group's new bear at Macquarie doesn't think the market is pricing in further downside risks related to collapsed supply chain financer Greensill. Cutting their recommendation on the stock to underperform from neutral, one of the investment bank's analysts tells clients that an attempted switch in causation plea by Credit Suisse, which is suing IAG, could expose the ASX-listed insurer to another A$740 million of net exposure to outstanding Greensill claims. A claim of any level could change the attractiveness of IAG's planned RACWA acquisition and its medium-term EPS profile, the analyst writes in a note. Macquarie cuts its target price 18% to 7.00 Australian dollars, Shares are up 0.4% at A$8.085. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 28, 2026 20:45 ET (00:45 GMT)

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Cutting their recommendation on the stock to underperform from neutral, one of the investment bank's analysts tells clients that an attempted switch in causation plea by Credit Suisse, which is suing IAG, could expose the ASX-listed insurer to another A$740 million of net exposure to outstanding Greensill claims. A claim of any level could change the attractiveness of IAG's planned RACWA acquisition and its medium-term EPS profile, the analyst writes in a note. Macquarie cuts its target price 18% to 7.00 Australian dollars, Shares are up 0.4% at A$8.085. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 28, 2026 20:45 ET (00:45 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Iag's New Bear Doesn't See Greensill Risk Priced In</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIag's New Bear Doesn't See Greensill Risk Priced In\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-06-29 08:45</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0045 GMT - <a href=\"https://laohu8.com/S/IAUGF\">Insurance Australia</a> Group's new bear at <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> doesn't think the market is pricing in further downside risks related to collapsed supply chain financer Greensill. Cutting their recommendation on the stock to underperform from neutral, one of the investment bank's analysts tells clients that an attempted switch in causation plea by Credit Suisse, which is suing IAG, could expose the ASX-listed insurer to another A$740 million of net exposure to outstanding Greensill claims. A claim of any level could change the attractiveness of IAG's planned RACWA acquisition and its medium-term EPS profile, the analyst writes in a note. Macquarie cuts its target price 18% to 7.00 Australian dollars, Shares are up 0.4% at A$8.085. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 28, 2026 20:45 ET (00:45 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7034","symbol_name":"財產與意外傷害保險","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2647341107","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2647341107","pubTimestamp":1782693900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0045 GMT - Insurance Australia Group's new bear at Macquarie doesn't think the market is pricing in further downside risks related to collapsed supply chain financer Greensill. Cutting their recommendation on the stock to underperform from neutral, one of the investment bank's analysts tells clients that an attempted switch in causation plea by Credit Suisse, which is suing IAG, could expose the ASX-listed insurer to another A$740 million of net exposure to outstanding Greensill claims. A claim of any level could change the attractiveness of IAG's planned RACWA acquisition and its medium-term EPS profile, the analyst writes in a note. Macquarie cuts its target price 18% to 7.00 Australian dollars, Shares are up 0.4% at A$8.085.  Dow Jones NewswiresJune 28, 2026 20:45 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7034":"财产与意外伤害保险","IAG.AU":"INSURANCE AUSTRALIA GROUP"},"translate_title":"Iag的新看跌者并未认为格林希尔风险已被消化","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IAG.AU":0.9},"content_text":"0045 GMT - Insurance Australia Group's new bear at Macquarie doesn't think the market is pricing in further downside risks related to collapsed supply chain financer Greensill. Cutting their recommendation on the stock to underperform from neutral, one of the investment bank's analysts tells clients that an attempted switch in causation plea by Credit Suisse, which is suing IAG, could expose the ASX-listed insurer to another A$740 million of net exposure to outstanding Greensill claims. A claim of any level could change the attractiveness of IAG's planned RACWA acquisition and its medium-term EPS profile, the analyst writes in a note. Macquarie cuts its target price 18% to 7.00 Australian dollars, Shares are up 0.4% at A$8.085. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 28, 2026 20:45 ET (00:45 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}