The Industry Standard: Intelligence for the Information Economy

  September 5, 2001
  NEWS & ANALYSIS
   Headlines
   Money & Markets
   Tech & Telecom
   Media & Marketing
   Metrics & Stats
   Policy & Politics
  SEARCH
   
  advanced search
  SERVICES
   Company Index
   Newsletters
   Wireless
  PRINT EDITION
   Read the Magazine

Home > Company Index > Insurance > Multiline Insurance > HIH Insurance Limited

HIH Insurance Limited
 PROFILE
HIH Insurance is calling it quits. The company had hoped to expand when it bought FAI Insurances; instead the acquisition caused the insurer to implode. Once a provider of personal, business, and travel insurance, HIH spun off these lines of business to help cover its continuing expenses. The company marketed insurance under its own name, as well as the FAI and CIC brands. Allianz Australia had bought HIH's general retail insurance. The move was to position HIH for a timely exit from the retail insurance market. Unfortunately, overambitious expansion and underwhelming management saw the company declare its voluntary liquidation in 2001. HIH did business throughout the Pacific Rim, the US, the UK, and Argentina.

 COMPETITION
AXA (AXA)
ING Groep N.V. (ING)
QBE Insurance Group Limited (QBE)

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 1,712.00
1-Yr. Sales Growth: (22.6)%

 KEY PEOPLE
• Randolph Wein
    CEO
• Dominic Fodera
    CFO

 CONTACT INFO
Level 42, 50 Bridge St.
Sydney 2000, Australia
Phone: 61-2-9650-2000
Fax: 61-2-9650-2030
Online: Web Site

Company Data   News, quotes & more       

Hoovers Online   Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.


ADVERTISEMENT
FEATURED LINKS
Home |  Customer Service |  About Us
Australia |  Brazil |  China |  Korea |  Norway |  Poland |  Sweden |  Taiwan

Copyright ©2001 Standard Media International. Privacy Policy
Stock data provided by Stockpoint and its data suppliers. Copyright © 1995-2001