HIH Insurance
HIH Insurance was Australia's second-largest insurance company before it was placed into provisional liquidation on 15 March 2001. The demise of HIH is considered to be the largest corporate collapse in Australia's history, with liquidators estimating that HIH's losses totalled up to AUD $5.3 billion. Investigations into the cause of the collapse have led to conviction and imprisonment of a handful of members of HIH management on various charges relating to fraud.
Formerly |
|
---|---|
Company type | Public |
Traded as | |
Industry | Health insurance |
Founded | 6 April 1988 in Canberra, ACT, Australia |
Defunct | 15 March 2001 |
Fate | Provisional liquidation |
Headquarters | , Australia |
Area served | Australia |
Website | HIH Insurance at the Wayback Machine (archived 2001-02-02) |
HIH Insurance corporate logo | |
Inquiries | Royal Commission into HIH Insurance |
---|---|
Convicted |
|
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.