* CBL insurance is largest division of CBL Corp
* Central banks in NZ, Ireland probing CBLs French unit
* CBL shares in trading halt since Feb. 5 (Adds CBL statement)
SYDNEY, Feb 23 (Reuters) – New Zealands High Court placed insurance firm CBL Insurance Ltd, the main subsidiary of CBL Corporation Ltd, in interim liquidation on Friday after a request from the countrys central bank.
The Reserve Bank of New Zealand regulates the countrys insurance sector and CBL disclosed earlier this month that the bank was reviewing the adequacy of the companys reserves in its French construction insurance business.
Irelands central bank had opened a similar review, the company said earlier in the month, and on Monday it directed CBLs Irish-registered CBL…
Read the full article at: https://uk.reuters.com/article/cbl-corp-liquidation/update-2-nz-high-court-places-cbl-insurance-in-interim-liquidation-idUKL4N1QD369
