Approval given for schemes
Approval was given late last month for schemes of arrangement to be enacted allowing collapsed Australian insurer HIH to be placed into run-off. The Joint Provisional Liquidators of the HIH Group companies Tony McMahon, Tom Riddell and John Wardrop, partners in the Corporate Recovery Insurance Solutions team of KPMG, reported that creditors of the insurer agreed the scheme on 29 March. The HIH group was the second largest general insurance group in Australia when it failed in March 2001. The
POLL: PERSONAL LINES
Most read
- Biba warns of 'uncharted waters' as Theresa May's Brexit deal is rejected
- In Person: Jacques Verlingue boss of Adélaïde Group, owner of Finch and ICB
- Qudos Insurance liquidator writes to UK customers
- PIB merges underwriting offerings
- GRP-owned County buys Swinford Insurance Consultants
- Close Brothers Premium Finance restores contact centre after outage
- Cross-border broker partnership plans escalate ahead of Brexit
Back to Top