CBL Insurance Europe ordered to cease paying claims
Ireland-based insurer was placed in administration in 2018.
The Central Bank of Ireland has ordered CBL Insurance Europe (CBLIE) to cease making claims payments with immediate effect.
This follows an update from CBLIE’s administrator on 6 December which the Central Bank said indicated a deteriorating financial position.
The insurer was ordered to stop writing business immediately on 20 February 2018.
Kieran Wallace of KPMG was appointed as a provisional administrator a week later. He was confirmed as administrator in March 2018.
CBLIE specialised in
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