Regulatory Alerts2022-02-27
CBL Insurance Limited (in liquidation)
The Reserve Bank of New Zealand details the liquidation of CBL Insurance Limited, which was placed into interim and full liquidation in 2018 due to imprudent management and regulatory breaches. An independent review commissioned by the regulator identified key lessons, recommending decisive action on financial soundness, strengthened governance obligations, increased supervisory resources, and enhanced solvency frameworks. The document provides access to the review report, court rulings, and contact information for creditors and policy holders seeking to resolve claims against the insurer.
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