RBNZ a ‘poor communicator’ - CBL’s Harris

Wed, 17 Jul 2019

By Paul McBeth July 17 (BusinessDesk) - The Reserve Bank’s failure to communicate was a major stumbling block for failed insurer CBL Corp. Former managing director Peter Harris is adamant the insurer – now in liquidation – could’ve found a commercial solution to a sharp increase in under-reserving and rejects assertions that the firm was insolvent as far back as 2013. The failed insurer was back in the spotlight this month after the Reserve Bank released the findings of an independent review of its handling of the case. Mary Scholte...

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