WelCom June/July 2023
Australian firm Catholic Church Insurance (CCI) has announced that it will begin winding down its operations after failing to secure additional financial support. The CCI informed shareholders and staff of the decision, which will result in the closure of the insurer for new business. Despite this decision, CCI remains solvent and will honour existing claims, including those related to historic sex abuse cases. The church leadership has assured victims that the gradual shutdown will not affect their claims. CCI’s shareholders are Australian dioceses.