STUFF
Lights blazed late into the night as CBL Insurance staff attempted to save the company in 2018. The failures of CBL Insurance has led to a review at the Reserve Bank.
CBL Corporation, which was once valued at $750 million, has been placedintoliquidation by the HighCourt in Auckland.
CBL Corporation was a feature of many KiwiSaver funds, but the NZXsharemarket suspendedtrading in its sharesin February last year after it emerged its subsidiary CBL Insurance had run into serious trouble in Europe.
Directors of failed insurer CBL Corporation withdrew their opposition to its liquidation before the liquidation hearing on Monday at which Brendon Gibson and Neale Jackson ofKordaMenthawere appointed asliquidators.
CBL Insurance was not a hous…
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