CBL Insurance Europe ordered to stop writing new business immediately
Brokers and partners told to inform policyholders.
CBL Insurance Europe (CBLIE), an insurance firm authorised and regulated by the Central Bank of Ireland, has been ordered to stop writing new business.
The Financial Conduct Authority (FCA) highlighted that the Central Bank made the direction with “immediate effect” on 19 February and that it would stay in place until further notice.
CBLIE specialises in construction related credit and financial surety insurance, professional indemnity insurance, property insurance, and travel bonding.
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