Suncorp Metway Insurance Ltd. Jun 07
- ID: 1953378
- June 2007
- Standard & Poors
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.
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Research Type: Full Analysis