Herbert receiverships wind up with $595k shortfall to secured creditor ASB

Tue, 12 Mar 2013

March 13 (BusinessDesk) – The receiverships of Herbert Insurance Group (HIG) and Herbert Securities, whose director Grant Herbert is up on fraud charges, have been wound up with a $595,000 shortfall to secured creditor ASB Bank. Michael Stiassny and Grant Gibson of KordaMentha yesterday gave notice of the end of the two-year receivership of the insurance broker and associated premium funding business HIG was put into liquidation and receivership in March 2011 with a shortfall of about $3.1 million owed to insurers. Acting on complaints of a...

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