Insurance News .com.au has reported that “Broking and underwriting agency Australian Consolidated Insurance Ltd (ACIL) has succeeded in its plan to “reverse list” on the New Zealand Stock Exchange through the shell of collapsed financial services firm Lombard Group.”

ACIL has proposed to rebrand the entity as Insured Group, and has moved the place of incorporation to Australia from NZ. Lombard is the parent of Lombard Finance and Investments, which went into receivership in 2008 owing $NZ127 million ($99 million) to about 4400 investors. News sourced from Insurance News .com.au.

Car insurance quotesBoat insurance quotesBusiness insurance quotesHouse insurance quotes

Free Life Insurance Quotes

Quotesonline Free Insurance Quotes

Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service

By | 2014-11-11T06:41:59+00:00 April 25th, 2010|Insurance, Insurance Information, Insurance News, Insurers|
 
%d bloggers like this: