Magazine date:
Jun 2009 Standard Assurance, recently placed under statutory management, may find a settlement to its situation sooner than initially expected. Indeed, RSM Ashvir, the statutory manager, has announced that he would be presenting his report in the next two months.
The prospect of the company's liquidation will depend on this report. It is worth noting that many branches have been closed down in order to reduce the costs of the company which is overburdened with debt.