Safe Harbour Advisors to a publicly listed insurance company negatively impacted by the Hayne Royal Commission into banking and financial services. The company experienced a significant rise in policy lapse rates resulting in liquidity problems.
We assisted the Board to consider a range of restructuring options. We prepared a various option proposals and consolidated these into a Corporate Structuring Plan for the Board to assist with the decision making process.
We assisted in considering various options, and in negotiating an exit strategy with the head insurer to maximise the potential return for shareholders and protecting policyholders during the transition period.
The group of companies has now been placed into solvent members’ voluntary liquidation as part of the next phase of the strategy, to allow for the preservation and return of capital to shareholders.