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Showing 1 - 10 of 19 results for "HIH Insurance"

APRA not clear how to police BEAR breaches

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... during this time were overturned or set aside by the administrative appeals tribunals - including the directors of HIH Insurance, the company that triggered the last Royal Commission in the industry. "We were subject to some criticism about the way we ...

Not on our watch: ASIC

... survey, enforcement proceedings against a record 352 people or companies, high profile investigations including HIH Insurance, the NAB currency traders, Westpoint, One.Tel, James Hardie, Offset Alpine Printing and Sons of Gwalia and numerous litigation ...

Another HIH exec faces the music

HAMISH MADDEN  |  THURSDAY, 7 SEP 2006
A former HIH Insurance company secretary has appeared in court to answer charges concerning his role in the highly publicised collapse of Australia's second-biggest insurer at the time. Frederick Lo was ordered to appear in Sydney's Downing Centre Local ...

Charges against HIH dep chair dismissed

The Local Court of NSW has ordered a criminal charge against former HIH Insurance deputy chairman Charles Abbott be dismissed. Abbott faced one charge of dishonestly misusing his position as a company director under the Corporations Act. ASIC had alleged ...

Gaol term or former HIH managing director

Former HIH Insurance managing director Australia Terry Cassidy has been sentenced in the NSW Supreme Court to 15 months imprisonment in regards to three criminal charges arising from his involvement in the collapse of the HIH group of companies. Cassidy ...

APRA disqualifies more HIH senior executives

... Prudential Regulation Authority (APRA) has made further disqualifications regarding former senior executives of HIH Insurance with Frederick Lo, Roger Colomb, and Terrence Cassidy all banned from being or acting as a director or senior manager of a general ...

APRA to become more aggressive and sceptical

... This arrangement disguised a number of reinsurance transactions with the risk for GCRA removed. The collapse of HIH Insurance left debts totalling $5.3 billion. Following an enquiry by the Royal Commission into the corporate collapse, several APRA officers ...

Bradley Cooper to stand trial

... committing Bradley Cooper to stand trial on six charges of corruptly providing a cash benefit t influence an agent of HIH Insurance (HIH) and seven charges of publishing a false or misleading statement in order to obtain a financial advantage. Mr Cooper ...

Goldman Sachs says HIH claims still baseless

AAP  |  MONDAY, 27 SEP 2004
... Goldman Sachs Australia was cleared by the 2002 royal commission of playing a part in the $5.3 billion collapse of HIH Insurance in 2001.

Three former FAI executives committed to stand trial

AAP  |  TUESDAY, 20 JUL 2004
... Monday committed to stand trial on charges stemming from the royal commission into the $5.3 billion collapse of HIH Insurance. The Australian Securities and Investments Commission (ASIC) brought the charges based on evidence given to the 15 month royal ...
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