Promina Group

The Promina Group, an Australian and New Zealand insurance company (2003–07), formerly had listing on the Australian and New Zealand stock-exchanges. Suncorp-Metway Limited took over full ownership of the group in 2007.

Promina Group Limited
Subsidiary of Suncorp-Metway Limited ASX: SUN
IndustryGeneral Insurance
Wealth Management
Founded2003
HeadquartersBrisbane, Australia
Area served
Australia and New Zealand
Number of employees
7,200 (prior to acquisition by Suncorp-Metway in 2007)

History

Promina Group formed after the "demerging" of the Australian and New Zealand operations of Royal & SunAlliance UK in 2003. When acquired by Suncorp in 2007, it had 210 offices across Australia and New Zealand. The Promina Group traces its operations back to 1833 in Australia and back to 1878 in New Zealand.

Takeover

On 12 October 2006, Queensland-based bancassurance group Suncorp-Metway Limited made a A$7.9 billion bid for the purchase of Promina Group. The Australian regulatory authorities and the Promina shareholders subsequently approved the merger, which took place on 20 March 2007.

Brands

Australia

General Insurance
  • AAMI (Australian Associated Motor Insurers Limited) - formerly Club Motor Insurance Agency
  • APIA (Australian Pensioners Insurance Agency)
  • Just Car Insurance
  • Shannons
  • Vero Insurance

Life Insurance

Asset/Investment Management

New Zealand

General Insurance
  • AA Insurance (joint venture between Suncorp and the New Zealand Automobile Association)
  • Autosure
  • AXIOM
  • Comprehensive Travel Insurance
  • Mariner
  • SIS
  • Vero/Vero Marine/Vero Liability

Life Insurance
  • Asteron

Asset/Investment Management
  • Guardian Trust
  • Tyndall
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gollark: Not in an "actively doing evil" sense, but arguably that's just a matter of where you set some arbitrary zero point.
gollark: For example, I do not really donate money to charity, despite at least having theoretically nonzero money. I feel somewhat guilty about this if I think about it very hard.
gollark: Distributing punishment based on that would make things like advertisements for charities horrible infohazards.
gollark: If you want to know about what *you* should do, then it's more reasonable to ask about the morality of actions, not people, because the people way runs into accursed counterfactuals very fast.


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