Scheme Payment Percentage Estimates

 

The outcome for Scheme Creditors will depend upon a number of factors, including:

Which Scheme Company their claim is against;
The assets of the company the claim is against; and
The effect of the legislative priorities in relation to the individual creditor’s claim.

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
48.61%
Creditors with Insurance Liabilities that are not liabilities in Australia
47.82%
Creditors with liabilities in Australia that are not Insurance Liabilities
35.5%
Creditors with liabilities that are not liabilities in Australia nor Insurance Liabilities
34.5%
FAI General Insurance Company Limited
Scheme Distribution % To Date
Creditors with Insurance Liabilities in Australia
64.78%
Creditors with Insurance Liabilities that are not liabilities in Australia
n/a
Creditors with liabilities in Australia that are not Insurance Liabilities
62.5%
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
92.89%
Creditors with Insurance Liabilities that are not liabilities in Australia
n/a
Creditors with liabilities in Australia that are not Insurance Liabilities
92.5%
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
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
0%
FAI Traders Insurance Company Pty Limited
Scheme Distribution % To Date
Creditors with Insurance Liabilities in Australia
22.57%
Creditors with Insurance Liabilities that are not liabilities in Australia
n/a
Creditors with liabilities in Australia that are not Insurance Liabilities
22.52%
Creditors with liabilities that are not liabilities in Australia nor Insurance Liabilities
n/a
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
76.56%
Creditors with Insurance Liabilities that are not liabilities in Australia
15.55%
Creditors with liabilities in Australia that are not Insurance Liabilities
14.44%
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
39.96%
Creditors with Insurance Liabilities that are not liabilities in Australia
n/a
Creditors with liabilities in Australia that are not Insurance Liabilities
38%
Creditors with liabilities that are not liabilities in Australia nor Insurance Liabilities
n/a
 

 
 
 
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