Paper: How to tell if an insurance company is insolvent: what lessons we can learn from past insurance company collapses
In brief: AAR partner Michael Quinlan
Presented in Corporate Insolvency Forum in Sydney on 5 December 2007.
In particular, the paper will deal with:
- defining when an insurer is insolvent for the purposes of the Act and outlining the implications;
- answering the vexed question of when an insurance claim is a 'debt';
- outlining the exposure of directors and parent companies of insurance companies for insolvent trading;
- considering whether statutory demands can be used by insureds against their insurer;
- examining issues relating to the distribution and availability of onshore and offshore assets of an insolvent insurer;
- considering whether or not voluntary administration is an option for insurers in runoff; and
- discussing the increasing use of solvent schemes of arrangement.
For more, download the paper (as an adobe acrobat pdf – 270KB)
For further information, please contact:
- Michael QuinlanPartner,
Sydney
Ph: +61 2 9230 4411
Michael.Quinlan@aar.com.au - Michael PopkinSenior Associate,
Sydney
Ph: +61 2 9230 4247
Michael.Popkin@aar.com.au
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