HIH collapse made Australian insurance industry stronger – QBE CEO

/, Insurance News/HIH collapse made Australian insurance industry stronger – QBE CEO

CEO Frank O’Halloran said the collapse of HIH Insurance, Australia’s second largest insurer, had insured that financial regulation was ” much more stringent”

Talking to the QBE Irish offices, O’Halloran credits this for the Australian Insurers “got through the crisis as good as anyone around the world”. QBE insurance is one of the worlds top 20 non life insurers.

He went on to explain QBE was looking for acquisitions in Europe and South America to grow business

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