CBL Insurance $136m short in December, report says
Fund manager writes share value down to zero.
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CBL Insurance was more than $136 million short of its minimum solvency capital on December 31, the company’s latest regulatory disclosure says.
The solvency of CBLI has been a serious concern for insurance regulator the Reserve Bank since mid-last year – concern that culminated in the RBNZ
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Tim Hunter
Mon, 14 May 2018
Mon, 14 May 2018
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CBL Insurance $136m short in December, report says
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