Following the failure of the HIH group, the Australian
Federal Government established the HIH
Royal Commission to inquire into the causes of the failure.
The HIH Royal Commission completed its enquiries and its
report was made public in April 2003. The Royal
Commission report contained detailed
information in relation to each of the companies, including
details of any name changes in prior years, details of
directors and office holders, and the last published
financial information for each company prior to the failure.
The following documents are taken from the Explanatory
Statement and the HIH Royal Commission website: "The HIH
Royal Commission - The failure of HIH Insurance. Commonwealth
of Australia 2003. Copyright Commonwealth of Australia
reproduced by permission."
chart - this is an abbreviated chart identifying the
ownership structure of some of the significant companies in
the HIH Group, with the eight insurance companies licensed
or formerly licensed in Australia identified on the chart.
key events - this is the HIH Royal Commission's summary of
key events in the history of the HIH Group between its
commencement in 1968 and its failure in 2001.
introductions - these brief summaries are the historical
introductions published by the HIH Royal Commission for the
eight licenced insurers in the HIH Group now subject to
Schemes of Arrangement.