Actuary shocked at CBL’s financial state
Insurer’s collapse a familiar story of under-reserving for long-term risk.
Expert actuary John Trowbridge says he was shocked to discover the extent of insurer CBL’s under-reserving for its long-term liabilities in France.
CBL Insurance collapsed in February last year after the Reserve Bank called in interim liquidators, triggering the insolvency of its $747 million
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