The resolution comes days after Insurance Australia Group disclosed a similar settlement of Credit Suisse-related claims arising from the Greensill collapse.
The insurer said any settlement would not be expected to have a material impact on its financial position or FY2027 results, based on anticipated recoveries.
White Oak is set to lodge new legal claims in Australia against Greensill Capital's insurers for alleged knowledge of policy issues, as it seeks to recover funds lost due to Greensill's collapse.
