Marsh to pay largest share of Greensill settlement with Credit Suisse

Marsh, the insurance broker, will cover the largest portion of a settlement with Credit Suisse over the Greensill Capital collapse, a rare instance where a broker bears more liability than the insurers who underwrote the policies. The settlement resolves claims related to supply-chain finance funds that collapsed in 2021, leaving investors with significant losses. The deal's terms and total value remain undisclosed, but the allocation signals potential shifts in liability norms for financial intermediaries.