Liquidators sort through Independent
Independent Insurance would have run out of money "in a couple of months" if it had carried on tradin...
Independent Insurance would have run out of money "in a couple of months" if it had carried on trading, according to David Schwarzmann, joint provisional liquidator of the company, at a press conference called by PriceWaterhouseCoopers on 21 June.Mark Batten, joint provisional liquidator, stated: "It is clear the company is insolvent," saying the severity of the situation was comparable to the Maxwell case.
The two liquidators have written to brokers and intermediaries, informing them of the
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