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Showing 11 - 19 of 19 results for "HIH Insurance"

Auditors deceived about FAI reinsurance, court told

AAP  |  TUESDAY, 13 JUL 2004
... reinsurance manager Stephen Burroughs. The charges stem from the royal commission into the $5.3 billion collapse of HIH Insurance. The committal hearing was told that misleading information given to FAI\'s auditors, Arthur Andersen, allowed the company ...

APRA says Zurich policyholders funds are safe

AAP  |  WEDNESDAY, 16 JUN 2004
... checking the legitimacy of reinsurance contracts taken out by Australian insurers following the spectacular collapse of HIH Insurance in March 2001.

Ratings agencies tend to lag market, according to researchers

AAP  |  THURSDAY, 25 MAR 2004
... years, however, the agencies' performance has come under the microscope as companies such as Enron, WorldCom and HIH Insurance collapsed. All three had investment grade ratings just a few months before their failure, the research paper noted.

APRA gains more powers to act against dishonest execs

AAP  |  WEDNESDAY, 3 MAR 2004
... executives will face tough new monitoring by regulators following the latest series of reforms after the collapse of HIH insurance. Media reports today said the financial services industry would face tough new rules designed to expand the Australian ...

Failed HIH wins court approval to recover $120 million

AAP  |  MONDAY, 2 FEB 2004
Liquidators for the failed HIH insurance group today won court approval for a deal to win back $120 million for creditors over the venture which triggered its insolvency. The NSW Supreme Court approved a deal to force Allianz Australia Ltd to pay out ...

Former HIH executive pleads guilty to criminal charges

William Howard, a former senior executive of the collapsed HIH Insurance group has today pleaded guilty to two counts of criminal misconduct, brought to the Court by the Australian Securities and Investments Commission (ASIC). Mr Howard appeared before ...

AiG & QBE expected to unveil healthy profit results

... have benefitted from consolidation within the industry and charging customers higher premiums after the collapse of HIH Insurance in 2001. Premiums on some personal lines of insurance, such as car and home contents cover have risen by up to 15 per cent ...

HIH liquidators to attempt $1 billion recovery

The liquidators of HIH Insurance are preparing to launch legal action against a range of people linked to the failed insurer in an attempt to recoup more than $1 billion in damages. HIH liquidators Tony McGrath and Alex Macintosh, from accounting firm ...

Adler committed to stand trial on securities charges

Former HIH Insurance director Rodney Adler has been committed to stand trial on charges of manipulating the stock market, the Australian Securities and Investments Commission (ASIC) has announced. Adler appeared in Sydney's Downing Centre Local Court ...
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