Keyword Analysis & Research: hih insurance limited

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Frequently Asked Questions

What are the names of the insurance companies in HIH?

This could take several years to complete; some have suggested as long as 10 years. 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).

What kind of insurance does HIH Insurance write?

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). HIH wrote many types of insurance in Australia, the USA, and the UK.

How much does HIH Insurance pay in Australia?

(f) HIH Underwriting & Insurance (Australia) Pty Limited creditors with Insurance claims in Australia have been paid a final Scheme Payment of 48.48 cents in the dollar and creditors with Non Insurance claims in Australia have been paid a final Scheme Payment of 46.8 cents in the dollar.

When does the HIH general insurance scheme end?

In June 2021, HIH Casualty and General Insurance Limited, FAI General Insurance Company Limited and CIC Insurance Limited have paid the final Scheme Payments to creditors with Established Scheme Claims. There will be no further distributions payable to creditors and the Schemes of Arrangement will automatically terminate in June 2022.


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