CS - Credit Suisse plans filing insurance claims on Greensill losses - FT

Credit Suisse (CS) is working on filing insurance claims to cover losses incurred when supply-chain finance firm Greensill Capital collapsed in March, the Financial Times reports, citing people with knowledge of the process.The insurance claims, to be made primarily through Tokio Marine (TKOMY), will test the trade credit insurance that was an important part of Greensill's securitization process, the FT said.Tokio Marine told the FT it didn't expect a material impact from Greensill's collapse for FY2021 or thereafter.Credit Suisse faced increasing pressure and regulator attention in the wake of the Greensill failure filed by the collapse of Archegos Capital.

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Credit Suisse plans filing insurance claims on Greensill losses - FT