Liquidators say it is not yet clear whether there will be a return to unsecured creditors following the collapse of construction-focusedinsurance group Qamvis.
As insuranceNEWS.com.au has reported, Qamvis operated agency Qiducia Underwriting Australia and brokerage Qtrust Insurance & Advisory, both of which sourced capacity from Guild Insurance.
On June 18 Melbourne-based Qamvis was placed into liquidation, with Glenn Franklin and Paul Allen of PKF Melbourne appointed liquidators.
PKF says that shortly before the appointment of liquidators, Guild issued a default notice in respect of funds owed in relation to policies.
Accordingly, Qamvis and its businesses ceased to trade and Qamvis was placed into liquidation.
PKF says it is uncertain…
Read the full article at: https://www.insurancenews.com.au/corporate/impact-of-qamvis-liquidation-unclear