Fed: UMP on road to recovery
CANBERRA, Feb 9 AAP - Australia's largest medical indemnity insurer could come outof provisional liquidation this year after acquiring $35 million in surplus capital overthe past six months.
United Medical Protection (UMP) and Australasian Medical Insurance Limited (AMIL) collapsedlast April plunging the health profession into crisis, leaving doctors uninsured and atrisk of litigation.
Today, former federal finance minister and NSW premier John Fahey was named as oneof six members of a committee to develop strategies for the insurer's future.
Provisional liquidator David Lombe of Deloitte Touche Tohmatsu …
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