CBL Insurance placed in interim liquidation in New Zealand - reports
New development does not impact CBL Insurance Europe, which was stopped from writing new business earlier this week.
New Zealand’s High Court has placed CBL Insurance in interim liquidation after a request from the country’s central bank, Reuters has reported.
According to the article two partners of insolvency firm McGrath Nicol have been appointed as liquidators of CBL Insurance.
Parent company CBL Corp said in a statement to Reuters that the order only applied to CBL Insurance, not the parent company “or any other companies in the group.”
Europe
This follows the news from earlier this week that CBL
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