[Updated]
17th Dec 19, 12:26pm
SFO files criminal charges related to CBL Insurance, while FMA files civil charges related to its parent, alleging inadequate market disclosures and 'misleading and deceptive' conduct
[Updated]
SFO files criminal charges related to CBL Insurance, while FMA files civil charges related to its parent, alleging inadequate market disclosures and 'misleading and deceptive' conduct
29th Nov 19, 5:00am
Gareth Vaughan says the RBNZ's latest Financial Stability Report highlights for banks, insurers and non-bank deposit takers that their regulator will be sticking its nose into their business more often and in more ways than in the past.
Gareth Vaughan says the RBNZ's latest Financial Stability Report highlights for banks, insurers and non-bank deposit takers that their regulator will be sticking its nose into their business more often and in more ways than in the past.
18th Oct 19, 2:41pm
CBL shareholders seek redress for failure of the $747 million company; Harbour Asset Management and Argo Investments to lead class action against former directors
CBL shareholders seek redress for failure of the $747 million company; Harbour Asset Management and Argo Investments to lead class action against former directors
5th Jul 19, 11:42am
Fund manager who held major CBL stake contrasts RBNZ's 'very public discourse' around bank capital requirements with its caution about speaking out about an under-capitalised insurer
Fund manager who held major CBL stake contrasts RBNZ's 'very public discourse' around bank capital requirements with its caution about speaking out about an under-capitalised insurer
4th Jul 19, 10:30am
David Hargreaves thinks the RBNZ should have lost its role as insurance regulator, but since it will be keeping the role, the emphasis needs to be on ensuring it is now better resourced for the job
David Hargreaves thinks the RBNZ should have lost its role as insurance regulator, but since it will be keeping the role, the emphasis needs to be on ensuring it is now better resourced for the job
[Updated]
3rd Jul 19, 1:10pm
Independent review finds the RBNZ had concerns about CBL Insurance's solvency from the time it was licensed, but never intervened with any real force; Says the regulator should've deterred the company's parent from floating on the stock exchange
[Updated]
Independent review finds the RBNZ had concerns about CBL Insurance's solvency from the time it was licensed, but never intervened with any real force; Says the regulator should've deterred the company's parent from floating on the stock exchange
[Updated]
13th May 19, 11:21am
Embattled insurer, CBL Corporation, put in liquidation; Brendon Gibson and Neale Jackson of KordaMentha appointed liquidators
[Updated]
Embattled insurer, CBL Corporation, put in liquidation; Brendon Gibson and Neale Jackson of KordaMentha appointed liquidators
13th Dec 18, 10:00am
Robertson quiet on whether something's wrong when the RBNZ pays the Government a $430m dividend but can't afford to hire 15 new staff
Robertson quiet on whether something's wrong when the RBNZ pays the Government a $430m dividend but can't afford to hire 15 new staff
[Updated]
12th Nov 18, 2:15pm
CBL Insurance to be wound up as creditors back RBNZ's liquidation push over directors' rescue remedy; RBNZ commissions inquiry into its handling of CBL Insurance
[Updated]
CBL Insurance to be wound up as creditors back RBNZ's liquidation push over directors' rescue remedy; RBNZ commissions inquiry into its handling of CBL Insurance
1st Oct 18, 5:10pm
Court rejects proposed deal for CBL Insurance to pay its largest creditor nearly all its cash for it to write off its liabilities
Court rejects proposed deal for CBL Insurance to pay its largest creditor nearly all its cash for it to write off its liabilities
13th Aug 18, 4:51pm
Gibraltar-based insurer, caught in the CBL web, reaches agreement with one of its subsidiaries while it sues another
Gibraltar-based insurer, caught in the CBL web, reaches agreement with one of its subsidiaries while it sues another
[Updated]
27th Jul 18, 7:24pm
NZ Shareholders' Association 'disappointed' High Court hearing to determine whether or not CBL Insurance will be liquidated is adjourned for the second time
[Updated]
NZ Shareholders' Association 'disappointed' High Court hearing to determine whether or not CBL Insurance will be liquidated is adjourned for the second time
[Updated]
13th Jul 18, 1:57pm
FMA flags concerns over the disclosures CBL made when it listed on the NZX and around the time it was being probed by the Reserve Bank; CBL's chair and two other directors resign
[Updated]
FMA flags concerns over the disclosures CBL made when it listed on the NZX and around the time it was being probed by the Reserve Bank; CBL's chair and two other directors resign
10th Jul 18, 2:49pm
CBL's former CFO and existing director of international business form butchery company - 'Well Hung' - while CBL shareholders fear they'll be hung out to dry
CBL's former CFO and existing director of international business form butchery company - 'Well Hung' - while CBL shareholders fear they'll be hung out to dry
6th Jun 18, 6:30pm
CBL Insurance's liquidation hearing deferred until July 30, as RBNZ considers 'additional options' proposed by those opposed to a liquidation
CBL Insurance's liquidation hearing deferred until July 30, as RBNZ considers 'additional options' proposed by those opposed to a liquidation
5th Jun 18, 10:31am
Reserve Bank's application to liquidate CBL Insurance not to be heard in court on Tuesday as planned; Lawyer can't comment
Reserve Bank's application to liquidate CBL Insurance not to be heard in court on Tuesday as planned; Lawyer can't comment
18th May 18, 7:20am
FMA believes companies should keep updating the market even if they're in voluntary administration; Says its dealings with CBL have prompted it to ask the court for clarity on the matter
FMA believes companies should keep updating the market even if they're in voluntary administration; Says its dealings with CBL have prompted it to ask the court for clarity on the matter
10th May 18, 4:02pm
The New Zealand Shareholders' Association calls for CBL Corporation to be liquidated and the FMA to exercise its powers to act on behalf of investors
The New Zealand Shareholders' Association calls for CBL Corporation to be liquidated and the FMA to exercise its powers to act on behalf of investors
[Updated]
27th Apr 18, 1:50pm
Two of CBL Insurance's six directors claim the company in interim liquidation is solvent; issue to be addressed in court when RBNZ's liquidation claim is heard in June
[Updated]
Two of CBL Insurance's six directors claim the company in interim liquidation is solvent; issue to be addressed in court when RBNZ's liquidation claim is heard in June
9th Apr 18, 9:56am
The Chinese banks operating in New Zealand hit their first lending judder bar in the form of insurance company CBL, causing a potential capital issue for ICBC
The Chinese banks operating in New Zealand hit their first lending judder bar in the form of insurance company CBL, causing a potential capital issue for ICBC
23rd Mar 18, 12:39pm
Review of law aimed at maintaining a 'sound' insurance sector delayed by Reserve Bank's investigation into CBL, among its other 'supervisory priorities'
Review of law aimed at maintaining a 'sound' insurance sector delayed by Reserve Bank's investigation into CBL, among its other 'supervisory priorities'
7th Mar 18, 5:00am
Harbour Asset Management values CBL shares last traded for $3.17, at 28 cents; Lloyd's of London to take over CBL contract to underwrite new building warranties
Harbour Asset Management values CBL shares last traded for $3.17, at 28 cents; Lloyd's of London to take over CBL contract to underwrite new building warranties
[Updated]
1st Mar 18, 2:33pm
RBNZ Deputy Governor Geoff Bascand says CBL Insurance paid $55 mln to overseas companies 'in the context of significant doubts about CBL Insurance's solvency'
[Updated]
RBNZ Deputy Governor Geoff Bascand says CBL Insurance paid $55 mln to overseas companies 'in the context of significant doubts about CBL Insurance's solvency'
[Updated]
28th Feb 18, 4:03pm
CBL Corporation to be in breach of NZX listing rules by not releasing financial results
[Updated]
CBL Corporation to be in breach of NZX listing rules by not releasing financial results
28th Feb 18, 11:23am
CBL Insurance policyholders and beneficiaries advised to consider seeking cover elsewhere; Any costs they face will rank as an 'unsecured creditor claim' if the company enters liquidation
CBL Insurance policyholders and beneficiaries advised to consider seeking cover elsewhere; Any costs they face will rank as an 'unsecured creditor claim' if the company enters liquidation
