CBL cash at Samoan bank identified as at risk
Court documents reveal regulator's concerns date back to 2016.
The Reserve Bank has had “longstanding concerns” about the solvency of CBL Insurance, dating back to at least mid-2016, court documents reveal.
The concerns came to a head in July 2017 when the Reserve Bank, which regulates insurance companies in New Zealand, told CBLI it had concluded the
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Tim Hunter
Thu, 01 Mar 2018
Thu, 01 Mar 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
CBL cash at Samoan bank identified as at risk
73700