Summary: Suncorp Metway Insurance Ltd. May 11
Standard & Poors, May 2011
Abstract
The 'A+' rating on Suncorp Metway Insurance Ltd. (Suncorp Metway Insurance) reflects the insurer's core status within the Suncorp Group Ltd. group of companies. The non-life operations form a key part of Suncorp Group, which has a strong market position in Australia. Suncorp Metway Insurance primarily covers the group's Queensland and New South Wales-based general insurance operations. Unless specified otherwise, all comments in this report refer to the Suncorp Group's overall general insurance business and include (all rated 'A+/Stable/--', except where indicated) Suncorp Metway Insurance Ltd., GIO General Ltd., Promina Group Ltd. (A/Stable/--), Vero Insurance Ltd., Vero Insurance New Zealand Ltd., Vero Liability Insurance Ltd., and AA Insurance Ltd. Suncorp general insurance's stand alone credit profile is 'AA-'. Suncorp's general...
Companies mentioned in this report are: Suncorp Metway Insurance Ltd.
Action: Review
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Suncorp Metway Insurance Ltd.
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