Mainzeal liquidators seek $4.1m more from QBE Insurance

Mainzeal's Richard Yan remains bankrupt. (Image: NZME)

Thu, 29 May 2025

The liquidators of Mainzeal say insurers for former Prime Minister Jenny Shipley and other directors at the construction firm need to pay another $4.14 million in cover.QBE Insurance – the directors and officers liability insurer for Mainzeal’s directors – has already paid almost $20m, but liquidators say more is due. In 2023, the Supreme Court upheld reckless trading findings and said Mainzeal directors were liable to the tune of $39.8m, with Shipley, Clive Tilby, and Peter Gomm each limited to $6.6m. With interest, this...

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