Insurance

Hellaby's stake in Club Life to shrink

Thursday 4th of October 2001
The share issue will boost Club Life’s capital to up to $7.5 million, though the company will still be shy of the $10 million target set when it was launched in July.

Club Life chief executive Naomi Ballantyne says the insurer doesn’t need $10 million of capital now because of its reinsurance arrangements. The purpose of the capital raising is simply to allow brokers who...

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