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Insurance Valuation News

Insurers Lost In Bungle Land

Saturday September 16, 2000
HIH Insurance's forced sale of control of its Australian retail general insurance business this week was a reminder of what a horrible 18 months or so it has been for the general insurance sector. The Australian Prudential and Regulation Authority's annual report, also issued this week, underscor

Forced Deal Hits Hih Shares

Thursday September 14, 2000
HIH Insurance's shares slumped more than 17 per cent yesterday after the company was forced to cede control of its Australian retail general insurance operations to Germany's Allianz in an effort to restore its ailing balance sheet and meet tougher prudential regulations. Allianz will pay the em