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As HIH Insurance Ltd. creditors go to court in the wake of Australia's largest corporate failure, NRMA Insurance Group Ltd., QBE Insurance Group Ltd. and their rivals will likely post record sales ...
Add articles to your saved list and come back to them any time. John Palmer's review of the role the Australia Prudential Regulation Authority played in the $5 billion collapse of the HIH ...
s failure and that, as chief executive until a few months before it went under, Mr Williams bore much of the responsibility. He was the second former HIH director to be sent to jail, following the ...
A four-year investigation into the A$5.3bn (US$4.1bn) failure of HIH, Australia's biggest corporate collapse, has led to the jail sentence of high-profile executive Rodney Adler on Thursday.
The failure of HIH caused widespread distress, loss, uncertainty and cost to the taxpayer. The repercussions will echo through the economy and community for years to come." Margot Saville covered ...
The founder and former chief of the failed insurer HIH, Ray Williams, will be sentenced next year after pleading guilty to three charges of misleading shareholders. Williams, 68, was ordered to ...
The HIH failure in March 2001 was Australia's biggest ever corporate meltdown, leaving thousands of policy holders without insurance cover and debts estimated at $5.3 billion.
They alleged that the FAI takeover resulted in an immediate loss to HIH of $650 million and was a key factor in its collapse. The loss, they said, was the direct result of failure by the principal ...
Incredibly, almost two decades later, McGrathNicol partner and HIH liquidator Jason Preston has signed shareholder cheques worth $20m in the past few weeks, with former HIH non-executive director ...