Via AFR:
Another Australian finance company linked to troubled insurance giant CBL is seeking new equity partners, replacing some reinsurance lines and has removed two CBL directors from its board that it plans to replace with independents.
…”The fact some children are behaving badly does not affect the other grown up kids,” Assetinsure chief executive Gregor Pfitzer said about his company’s relationship with other companies in the group.
…Assetinsure provides a range of speciality products including credit risk enhancement, surety bonds, specialised property insurance and rural risk cover.
It does affect you if you’re a counter-party.
