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	HIH Insurance
	HIH Insurance Limited was a publicly listed company in Australia. Prior to its collapse in 2001, the HIH Group was the second largest general insurer in Australia and had operations in many other countries. On 15 March 2001, HIH Insurance Limited and a number of its subsidiaries were placed into provisional liquidation. Subsequently, on 27 August 2001, the companies that were in provisional liquidation were placed into liquidation. Schemes of Arrangement are now in place for eight of those companies. The Scheme Administrators have made initial payments to certain creditors and will make further payments over the coming years.

Scheme Administrators' estimate of ultimate Scheme Payments

Scheme Company	Estimated Final %	To Date
HIH	15% to 25%	9% and 12.64%*
FAIG	40% to 50%	30%
CIC	40% to 50%	30%
FAIT	Less than 5%	nil
FAIR	More than 50%	nil
FAII	Less than 5%	nil
WMG	10%	5%
HIHU	5% to 10%	nil
The above figures are preliminary estimates only. Final outcomes may vary considerably from these estimates, depending on reinsurance collected, development of future claims patterns, bad debt levels, other asset recoveries, the success of litigation, nature of claims and costs incurred. * 9% has been paid to all HIH creditors worldwide except creditors with insurance liabilities in Australia who have been paid 12.64%