Shadow of CBL looms over RBNZ solvency review

Mon, 11 Jan 2021

The high-profile failure of CBL Insurance may not have instigated the review of the Reserve Bank’s prudential supervision regime, but it echoes through the two options papers released late last year.The Reserve Bank-signalled change was on the way for insurers in the wake of the damning report into the CBL Insurance failure, which highlighted a range of inadequacies in the prudential regime.And late last year, it put out two consultation papers for insurers to mull over the summer. They suggest changing the amount of capital insurers will...

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