We put it to you, Mr Regulator
21 September 2022
The High Court order granting the final winding up of Constantia Insurance Company Limited (CICL) was issued on 14 September 2022, marking the demise of a business that opened its doors some 70 years ago. All told, CICL survived for just over six weeks after being placed under provisional curatorship on 26 July 2022. In a media release confirming the liquidation, the South African Reserve Bank (SARB) noted that the provisional curator had been directed to consider “the best interest of the policyholders whose insurance policies were held and / or administered by and through CICL”.