Keyword Analysis & Research: HIH_Insurance

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Who owns HIH Insurance?

Most notably, however, HIH acquired the large Australian insurance company FAI Insurance, whose chief executive Rodney Adler became a director of HIH in 1999. Winterthur Swiss sold its 51% share in HIH Winterthur to the public and HIH changed its name to HIH Insurance Ltd.

Is HIH Insurance in run-off?

HIH insurance is currently in run–off, which means it is managing its outstanding claims and not writing any new business. On 11 April 2011 the provisional liquidator said that it could be up to 10 years before all creditors are paid. [4] [needs update]

Is HIH a subsidiary?

Filed by HIH Compiled by liquidators 21 HIH managed its insurance business through separate divisions broadly corresponding to various classes and portfolios of business, rather than through subsidiary companies: • Professional indemnity insurance – written by C&G, FAI and CIC;

When did HIH Insurance Limited go into liquidation?

Subsequently, on 27 August 2001, the companies that were in provisional liquidation were placed into liquidation. In late 2013, various groups of shareholders commenced legal action seeking to recover losses sustained as a result of their purchase of shares in HIH Insurance Limited.

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