Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018

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Alpha in liquidation after CBL collapse

  • Rachel Dalton 5 March 2018
  • Danish motor insurer Alpha has gone into solvent liquidation as a result of the collapse of CBL.

    CBL Insurance Europe was placed into administration a week ago by the Central Bank of Ireland, after its parent company entered voluntary administration in New Zealand.

    In a statement on Alpha's website, the company said: "This decision is a direct consequence of CBL Insurance Limited, one of Alpha Insurance's largest reinsurers, having had [its] AM Best A-rating suspended and has been placed into...

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