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$75m CBL settlement unveiled by liquidators' reports

Disclosures by failed insurers' liquidators put a dollar figure on payments by CBL directors and their insurers to end complex litigation.

Chair Sir John Wells (left) and managing director Peter Harris were among CBL directors sued by liquidators and shareholders.

Tim Hunter Wed, 13 Dec 2023

Reports from liquidators of CBL Insurance and its parent CBL Corporation have disclosed settlement proceeds totalling $35.6 million in the latest six month period.

The disclosures imply CBL’s directors and their insurers paid about $75m overall to settle claims following the NZX-listed insurance

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$75m CBL settlement unveiled by liquidators' reports
Law,
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