HIH Liquidators File Lawsuits To Recover Funds

Following the release of the HIH Royal Commission findings in April this year, Tony McGrath and Alex Macintosh, the appointed special liquidators of the HIH Insurance group (including the FAI Insurance group) ("HIH"), have continued their investigations into the collapse of the insurance group and have developed a strategy of aggressive litigation to recover enough damages to provide a return for creditors, possibly by the second half of next year. The actions involve a series of potential defendants including auditors, actuaries, reinsurers, directors and advisors. HIH, once Austral...