Marsh books $425m Greensill charge as trade credit insurance risks resurface

Marsh has recorded a $425 million charge linked to ongoing litigation stemming from the collapse of Greensill Capital, bringing renewed focus to risk exposure in structured trade finance.

The charge, disclosed in its latest financial results, reflects expected losses and legal costs associated with disputes over insurance policies tied to Greensill-originated receivables financing.

The case is being closely watched across the trade finance and insurance markets, as it could set important precedents around policy interpretation, broker liability and the structuring of credit insurance-backed transactions.

The Greensill collapse exposed weaknesses in the interaction between financing structures and insurance coverage, particularly where underlying risk was misrepresented or poorly understood.

As litigation progresses, the outcome could reshape how insurers, brokers and lenders structure future receivables and supply chain finance programmes.

For the market, the development highlights the continued importance of risk transparency and robust underwriting in complex trade finance transactions.