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PSC Insurance to buy Herbert Australia

  • by The Quotesonline Team

Herbert Australia has found a buyer following its parent company going into receivership and liquidation earlier this year.
The Australian portfolio of failed New Zealand brokers Herbert Insurance is being sold to PSC Insurance. Herbert New Zealand’s insurance book will be taken over by Aon New Zealand.
Insurance news reports that New Zealand’s Serious Fraud Office is investigating the New Zealand business following concerns that premiums were not paid to insurers. Apparently the investigation is in the early stages of data collection.

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