Former HIH senior executive Greg Brown has been disqualified from being or acting as a director or senior manager of a general insurer by the Australian Prudential Regulation Authority (APRA). He is the 26th person to be banned from the industry over the insurer’s collapse.

Mr Brown held various positions at HIH and related companies from 1982 until 1999, including director of a number of HIH subsidiaries and, from 1999, Group GM Corporate.

APRA says in 1999 and 2000 Mr Brown improperly inflated or manipulated divisional results to present a misleading picture of the financial position. APRA also found that he failed to provide data to HIH’s actuary which may have had a material effect on actuarial valuations.