CBL Insurance placed into liquidation
Decision comes after two of the firm's major creditors did not support voluntary administration.
CBL Insurance, the parent company of Ireland-based CBL Insurance Europe and CBL Insurance in New Zealand, has been put into liquidation by the Auckland High Court.
According to the Reserve Bank of New Zealand (RBNZ) the High Court appointed Kate Johnstone and Andrew Grenfell, partners of McGrathNicol, as liquidators of CBL Insurance.
CBL appointed KordaMentha as voluntary administrators in March after RBNZ applied for the interim liquidation of CBL Insurance in February.
Administration
Admini
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