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Suncorp Metway Insurance Ltd. Jun 07 Product Image

Suncorp Metway Insurance Ltd. Jun 07

  • ID: 1953378
  • June 2007
  • Standard & Poors

FEATURED COMPANIES

  • GIO General Ltd.
  • Suncorp-Metway Ltd.
  • MORE

Abstract
Core status within the Suncorp-Metway group Strong competitive position in general insurance Good earnings performance Heightened industry competition Exposure to regions with volatile climates The 'A+' rating on Suncorp Metway Insurance Ltd. (Suncorp Metway Insurance) reflects the insurer's core status within the Suncorp-Metway Ltd. (Suncorp-Metway bank; A+/Positive/A-1) group of companies. The nonlife operations form a key part of the broader Suncorp-Metway group, which has a strong market position in the Australian nonlife insurance segment, following the acquisition of Promina Group Ltd (Promina; A/Positive/--) in March 2007. The Promina acquisition has also enabled a sound market presence in life insurance for the Suncorp-Metway group. The notional group operating rating (NGOR) for the Suncorp-Metway group is 'A+'. Suncorp Metway Insurance and other...

Companies mentioned in this report are:
- Suncorp Metway Insurance Ltd.
- GIO General Ltd.
- Suncorp-Metway Ltd.
- Suncorp Life and Superannuation Ltd.

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

- Suncorp Metway Insurance Ltd.
- GIO General Ltd.
- Suncorp-Metway Ltd.
- Suncorp Life and Superannuation Ltd.

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