Suncorp Group Ltd
Suncorp Group Limited is an Australia-based Trans-Tasman insurance company.
The business
Suncorp Group Limited is an Australia-based Trans-Tasman insurance company. The Company’s segments include Consumer Insurance, Commercial and Personal Injury, Suncorp New Zealand, and Corporate and Internal Reinsurance. The Consumer Insurance segment is engaged in the provision of insurance products to customers in Australia, including home and contents, motor and boat. The Commercial and Personal Injury segment is engaged in the provision of insurance products to customers in Australia, including commercial motor, commercial property, marine, industrial special risks, public liability and professional indemnity, workers’ compensation and compulsory third party. The Suncorp New Zealand segment is involved in the provision of general and life insurance products to customers in New Zealand. Its products include home and contents, motor, commercial property, public liability and professional indemnity, life, trauma, total and permanent disablement and income protection.
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Latest news
Weekly Wrap: Thursday bank selling left ASX 200 lower for the week
The ASX 200 fell 0.58% for the week after Thursday's bank-led sell-off reached every sector. The Small Ordinaries lost 1.39%.
ANZ acquisition of Suncorp approved following Australian Competition Tribunal decision
After a lengthy wait, ANZ Group (ASX: ANZ) has finally received Australian Competition Tribunal (ACT) approval for its proposed $4.9 billion acquisition of Suncorp Group (ASX: SUN). ANZ initially entered into an agreement to purchase Suncorp in July 2022, however that move was halted by the Australian Competition and Consumer Commission’s (ACCC) decision not to […]
ANZ-Suncorp deal blocked by ACCC, cites oligopoly concerns
A frustrated Suncorp Group (ASX: SUN) has expressed disappointment at an Australian Competition & Consumer Commission (ACCC) decision to block the sale of its banking division to the ANZ (ASX: ANZ). The ACCC determined that the proposed acquisition had the potential to substantially lessen competition in the Australian home loan market. In her response, Suncorp […]
Coronado ends merger discussions with Peabody, Suncorp flooded with claims and Medibank remains calm despite threat
Queensland-based Coronado Global Resources (ASX: CRN) has ceased merger discussions with global coal giant Peabody Energy Corporation (NYSE: BTU). Both parties jointly agreed to end talks over a deal that was estimated to be worth more than $9 billion. Following the collapse in negotiations, Coronado’s share price tumbled around 5% at the start of the […]
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