CBL complains of ‘catastrophic’ Irish bank order
Regulator's affidavit reveals up to 90% of European risk was reinsured by New Zealand subsidiary.
Insurer CBL described an order to cease writing new European business by the Central Bank of Ireland on February 19 as having an “irreversible and catastrophic” effect on the whole group.
The response is detailed in an affidavit released by the Irish regulator supporting its application to
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Tim Hunter
Tue, 13 Mar 2018
Tue, 13 Mar 2018
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CBL complains of ‘catastrophic’ Irish bank order
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