HIH Insurance

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Pre-written Papers:

Title: HIH Insurance

Essay Details:

Subject: Business

Author: Sally C

Date: September 14, 2016

Level: University

Grade: A

Length: 5 / 1499

Essay text:

Tony McGrath of KPMG was appointed as provisional liquidator to HIH and 17 of its controlled entities. Provisional liquidation is a temporary form of administration that gives HIH time for the provisional liquidators to review HIH operations and assess the financial position. HIH insurance is now in run?off, which means it is managing its outstanding claims and not writing any new business. This could take several years to complete; some have suggested as long as 10 years. Facts about HIH Insurance HIH comprised several separate government?licensed insurance companies, including HIH Casualty and General Insurance Limited, FAI General Insurance Company Limited (FAI), CIC Insurance Limited (CIC) and World Marine and General Insurances Limited (WMG)...

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