The outcome for Scheme Creditors will depend upon a number of factors, including:
The results for each Scheme Company will also depend in particular on the actual number, type and agreement of claims received, as compared to the current actuarial estimates of those claims. At this point, the likely timing of any Scheme Payments for Scheme Company Creditors are yet to be determined, and the Scheme Administrators will advise Scheme Creditors in due course.
The current estimated final Scheme Payment percentages are detailed on the home page of this website. To date, the following percentage have been paid to the various classes of Scheme creditors:
HIH Scheme of Arrangement Asset Distribution Schedule |
HIH Casualty & General Insurance Limited |
Scheme Distribution % To Date |
| Creditors with Insurance Liabilities in Australia |
31% |
| Creditors with Insurance Liabilities that are not liabilities in Australia |
26.4% |
| Creditors with liabilities in Australia that are not Insurance Liabilities |
25% |
| Creditors with liabilities that are not liabilities in Australia nor Insurance Liabilities |
20% |
FAI General Insurance Company Limited |
Scheme Distribution % To Date |
| Creditors with Insurance Liabilities in Australia |
51% |
| Creditors with Insurance Liabilities that are not liabilities in Australia |
n/a |
| Creditors with liabilities in Australia that are not Insurance Liabilities |
50% |
| Creditors with liabilities that are not liabilities in Australia nor Insurance Liabilities |
n/a |
CIC Insurance Limited |
Scheme Distribution % To Date |
| Creditors with Insurance Liabilities in Australia |
60% |
| Creditors with Insurance Liabilities that are not liabilities in Australia |
n/a |
| Creditors with liabilities in Australia that are not Insurance Liabilities |
60% |
| Creditors with liabilities that are not liabilities in Australia nor Insurance Liabilities |
n/a |
World Marine & General Insurances Pty Limited |
Scheme Distribution % To Date |
| Creditors with Insurance Liabilities in Australia |
75.5% |
| Creditors with Insurance Liabilities that are not liabilities in Australia |
30% |
| Creditors with liabilities in Australia that are not Insurance Liabilities |
65% |
| Creditors with liabilities that are not liabilities in Australia nor Insurance Liabilities |
0% |
FAI Traders Insurance Company Pty Limited |
Scheme Distribution % To Date |
| Creditors with Insurance Liabilities in Australia |
|
| Creditors with Insurance Liabilities that are not liabilities in Australia |
|
| Creditors with liabilities in Australia that are not Insurance Liabilities |
|
| Creditors with liabilities that are not liabilities in Australia nor Insurance Liabilities |
|
FAI Reinsurances Pty Limited |
Scheme Distribution % To Date |
| Creditors with Insurance Liabilities in Australia |
100% |
| Creditors with Insurance Liabilities that are not liabilities in Australia |
100% |
| Creditors with liabilities in Australia that are not Insurance Liabilities |
100% |
| Creditors with liabilities that are not liabilities in Australia nor Insurance Liabilities |
100% |
FAI Insurances Limited |
Scheme Distribution % To Date |
| Creditors with Insurance Liabilities in Australia |
5% |
| Creditors with Insurance Liabilities that are not liabilities in Australia |
0% |
| Creditors with liabilities in Australia that are not Insurance Liabilities |
5% |
| Creditors with liabilities that are not liabilities in Australia nor Insurance Liabilities |
n/a |
HIH Underwriting & Insurance (Australia) Pty Limited |
Scheme Distribution % To Date |
| Creditors with Insurance Liabilities in Australia |
10% |
| Creditors with Insurance Liabilities that are not liabilities in Australia |
0% |
| Creditors with liabilities in Australia that are not Insurance Liabilities |
10% |
| Creditors with liabilities that are not liabilities in Australia nor Insurance Liabilities |
0% |
|
HIH Insurance > Financial > Scheme Payment Percentage Estimates