CBL's European subsidiary fights Irish central bank ban on new business

Tue, 20 Feb 2018

By Sophie Boot Feb. 20 (BusinessDesk) - Insurer CBL Corp says its European subsidiary's lawyers are opposing an order from the Central Bank of Ireland instructing it to stop writing new business immediately. CBL, whose shares are suspended from the NZX as the stockmarket operator investigates concerns over its continuous disclosure obligations, said its subsidiary CBL Insurance Europe Dac (CBLIE) is continuing to otherwise operate normally and existing policies continue to remain in force. The Irish central bank has also required CBLIE to...

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