Promina Group

Promina Group is an Australian insurance company formerly listed on the Australian and New Zealand stock exchanges as asx|PMN, nzx|PMN. It is now fully owned by Suncorp-Metway asx|SUN. It employs over 7,200 people in 210 offices across Australia and New Zealand, and traces its operations back to 1833 in Australia and 1878 in New Zealand.

Promina owns and operates the following brands: AAMI, Australian Pensioners Insurance Agency (APIA), Just Car Insurance, Shannons, Vero, Asteron and Tyndall.

In New Zealand the organisation operates Vero, Asteron, Guardian Trust, Tyndall, Vero Marine, Vero Liability, AA Insurance, SIS, AXIOM, Mariner, Comprehensive Travel Insurance and Autosure

On 12 October 2006, Suncorp-Metway Limited, a Queensland based financial group, made an A$7.9 billion bid for the purchase of Promina Group. The merger was subsequently approved by the Australian regulatory authorities and by the Promina shareholders, resulting in implementation of the merger on 20 March 2007. [cite news |title=Merger with Suncorp implemented |url=http://www.promina.com.au/dirp/promina/promina.nsf/AttachmentsByTitle/implementationRelease_070320.pdf/$FILE/implementationRelease_070320.pdf |publisher=Promina website |date=2007-04-20 |accessdate=2007-04-20]

Promina's main rival in the Australian insurance market is Insurance Australia Group (IAG).

References

External links

* [http://www.promina.com.au Official website]


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