Lex Greensill’s finance empire formally enters administration; insurer IAG denies exposure – ABC News

Australia’s biggest insurance company has had a rocky day on the sharemarket, as the collapse of Lex Greensill’s finance empire continues to ricochet. Key points: The finance firm headed up by Australian billionaire Lex Greensill is in administration It follows speculation that insurance companies were refusing to renew policies Australia’s biggest insurance company says it…