The Supreme Court has ordered former insurance broker Andrew Donnelly to pay costs incurred by his former companies after he rejected an offer for half the amount.
A Supreme Court ruling has detailed the bitter falling out between the two founders of insurance broker Reliance Group and their key backer, Jon Fogarty.
ASIC has permanently banned Kim Hanson over the alleged misuse of $3 million of trust funds and confirmed it is continuing to investigate Australian Reliance Group.
Investors left out of pocket by the 2016 break-up of former AFL footballer Andrew Donnelly's insurance business are leaving no stone unturned in their quest for lost money.
Former footballer and insurance broker Andrew Donnelly has failed to overturn freezing orders that were imposed in January in relation to the alleged misuse of $5.1 million of trust funds from his old business.
Melbourne-based PSC Insurance Group has put a value of $7.7 million on the Western Australian arm of Australian Reliance, after announcing today it was buying the insurance broking group in multiple phases.
Australian Reliance has become the third major insurance broker in Western Australia to change hands in the space of five months, with newly listed company PSC Insurance Group agreeing to buy the Perth-based group.
