Concerns over CBL insurance group flagged over a year ago

18th March, 2018

The Central Bank ramped up oversight of the stricken construction insurance company CBL Insurance Europe more than a year ago, court papers reveal.

The High Court appointed an administrator to the Irish arm of the New Zealand business, which had run into difficulties after the regulator raised concerns over its underwriting capacity and its parent company’s financial sustainability.

In an affidavit submitted to the High Court, the Central Bank’s head of on-site inspections...

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