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.

HIH Insurance Ltd
Formerly
  • CE Heath International Holdings Limited (1988–1996)
  • HIH Winterthur International Holdings Limited (1996–1998)
Company typePublic
Traded as
IndustryHealth insurance
Founded6 April 1988 (1988-04-06) in Canberra, ACT, Australia
Defunct15 March 2001 (2001-03-15)
FateProvisional liquidation
Headquarters,
Australia
Area served
Australia
WebsiteHIH Insurance at the Wayback Machine (archived 2001-02-02)
Corporate failure of HIH Insurance
HIH Insurance corporate logo
InquiriesRoyal Commission into HIH Insurance
Convicted
  • Ray Williams
  • Rodney Adler
  • Brad Cooper
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