Freedom Insurance issues liquidity warning
Freedom Insurance | December 06, 2018
Freedom Insurance has warned of a potential liquidity shortfall in calendar year 2019, following a strategic review, and advised that it was under ASIC investigation for past misconduct revealed at the Hayne royal commission. A strategic review of the NSW-based insurer’s business structure and operating model was completed with the assistance of Deloitte in light of ASIC’s review of the life insurance industry and the insurer’s ongoing discussions with the regulator.