Michael Bright's personal pension is among the issues being investigated by Independent Insurance's liquidators Pricewaterhousecoopers (PWC) in their bid to get to the bottom of Independent's finances.
PWC liquidators Dan Schwarzmann and Mark Batten held a briefing this afternoon to answer numerous queries about the liquidation.
Batten said Bright's pension and the operation of the Independent's pension fund were being looking at during their investigation into the company's failure.
It will also study the role of the advisors in Independent's collapse, the state of claims management at the company and its reinsurance contracts.
The liquidators have secured all the company's assets but have yet to ascertain their value, the exact number of policyholders affected or the company's financial position on June 17, when it went into liquidation.
The liquidators have yet to speak personally to Bright, although they have had “one or two correspondences with his solicitor”.
Schwarzmann, who is a scheme administrator for Bright's former company Orion, said he had not interviewed Bright during the liquidation of Orion. He said Bright's position at Orion was somewhat less high-profile.
The liquidators refused to comment on the company's reinsurance arrangements for fear of alienating the reinsurers.
“The reinsurance is the biggest asset of the estate,” Batten said.
“There's a lot of speculation about possible misrepresen
