Liquidator looks at HIH directors and others
29 May 2001
Former HIH directors Ray Williams, Rodney Adler and Dominic Fodera are not only under investigation by ASIC – the HIH provisional liquidator is also considering…
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Commission will be working before Christmas
29 May 2001
The Royal Commission into the collapse of HIH has not yet been finalised, with Prime Minister John Howard indicating on Sunday that it will be up and running…
Insurers grapple with “fourth tax” in NSW
29 May 2001
Insurers are at a deadlock in their battle with the NSW Government over its decision to impose a $69 million annual tax to help fund the State’s $600 million rescue package…
Expect about a 50% payout – maybe
22 May 2001
The provisional liquidator for HIH says creditors will receive less than 50 cents in the dollar, with liabilities well over $3 billion…
Hockey feels the heat
22 May 2001
The lights haven’t been kind to Federal Financial Services and Regulation Minister Joe Hockey over the past week as he did the rounds of the TV interviewers…
Don’t blame us, says S&P’s
22 May 2001
Last week it was brokers, before that it was APRA, and this week it’s the turn of Australia’s major ratings agency…
On stage, but not together
22 May 2001
For one moment there we thought former FAI MD Rodney Adler and Financial Services and Regulation Minister Joe Hockey would really share the podium at the Australian…
Two more groups attack regulator
15 May 2001
It isn’t only the major insurance industry groups that are critical of APRA’s handling of the HIH collapse…
ICA sends a wish-list to canberra
15 May 2001
The squeaky wheel gets the grease. At least, that’s what the Insurance Council has decided. It has sent a submission to the Federal Government calling for a number…
Sacked NRMA chief fires back
08 May 2001
The dispute between sacked NRMA CEO Eric Dodd and elements on the company’s board escalated on Sunday when Mr Dodd fired some very public shots at the number 1 insurer through a leading TV program…
HIH collapse isn’t the first – or the last
08 May 2001
Industry leaders worrying about the HIH collapse harming Australia’s international reputation should relax…
Uniform insurance laws: a first step
08 May 2001
Is a long-cherished dream of the general insurance industry to be realised after many years of argument…
Hockey predicts more mergers
08 May 2001
Mr Hockey appears to agree that more mergers and restructures are on the way…
ICA names new board
08 May 2001
A new ICA board was elected at the council’s AGM last week…
APRA’S biggest non-topic
01 May 2001
The big issue surrounding the collapse of HIH – who knew about its troubles and when – won’t be the focus of a major APRA conference in Sydney today. But maybe they should be…
Risk managers weigh in
01 May 2001
APRA’s role – or lack of it – in the HIH collapse has brought calls for a regulatory overhaul from Australia’s leading corporate risk organisation…
Insurance emigration seen as a danger
01 May 2001
The amount of Australian corporate business being placed on the London market could see the local insurance market’s influence reduced even further, according to some…
Insurers have a social duty, says Premier
01 May 2001
Do insurers have a social responsibility to their policyholders? Most major insurance CEOs might say no…
New chief on ICA agenda
01 May 2001
The fallout from the HIH collapse will probably dominate discussions at ICA’s annual general meeting tomorrow, although CEOs will doubtless be heartened by indications of…
Business upbeat about the future
01 May 2001
It’s not all gloom and doom on the business front…