HIH Insurance was Australia's second largest insurance company, which was placed into provisional liquidation on 15 March 2001. The demise of HIH is considered to be the largest corporate collapse in Australia's history, with liquidators estimating that HIH's losses totalled up to $5.3 billion. Investigations into the cause of the collapse have led to conviction and imprisonment of a handful of members of HIH management on various charges relating to fraud.
THE unhappy distinction of being one of the largest shareholders in HIH Insurance when it collapsed in 2001 has not stopped winemaker Darren De Bortoli from investing in the sharemarket.
Creditors of HIH Insurance will finally be able to access compensation for the botched 1998 takeover of FAI Insurance following a backdown by one partner of its former auditing firm. According to the Sydney Morning Herald, ...
In 2001 Mr De Bortoli told a Four Corners investigation he first came across HIH when seeking insurance for a golf tournament the winery was sponsoring. If someone hit a hole in one De Bortoli would pay them $1 million, and HIH was one ...
THE unhappy distinction of being one of the largest shareholders in HIH Insurance when it collapsed in 2001 has not stopped winemaker Darren De Bortoli from investing in the sharemarket.
OPPOSITION Leader Malcolm Turnbull looks set to emerge from his long court case over HIH Insurance with his former employer, the Goldman Sachs merchant bank, making a confidential settlement on his behalf. HIH liquidator Tony McGrath ...
THE unhappy distinction of being one of the largest shareholders in HIH Insurance when it collapsed in 2001 has not stopped winemaker Darren De Bortoli from investing in the sharemarket.
THE unhappy distinction of being one of the largest shareholders in HIH Insurance when it collapsed in 2001 has not stopped winemaker Darren De Bortoli from investing in the sharemarket.
John Houldsworth, whose fictional accounting at FAI contributed to the collapse of Australia's HIH Insurance group, was barred from the Australian securities and insurance industries for life. The Irish regulator was informed, ...
Industry Reform APRA has continued to implement reforms relating to the insurance industry in Australia, building on the recommendations of the HIH Royal Commission. Reserve Bank has had in place its own standards (the Financial ...
Industry Reform APRA has continued to implement reforms relating to the insurance industry in Australia, building on the recommendations of the HIH Royal Commission. The system is also used for the settlement of deferred net clearing ...