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Summary: Suncorp Metway Insurance Ltd. Dec 09
Standard & Poors, December 2009
The 'A+' rating on Suncorp Metway Insurance Ltd. (Suncorp Metway Insurance) reflects the insurer's core status within the Suncorp-Metway Ltd. group of companies. The non-life operations form a key part of the broader Suncorp-Metway group, which has a strong market position in the Australian non-life insurance segment. Suncorp Metway Insurance primarily covers the group's Queensland and New South Wales-based general insurance operations. Unless specified otherwise, comments in this report refer to the group's overall general insurance business, not solely the Queensland and New South Wales operations covered by Suncorp Metway Insurance. Suncorp-Metway Ltd. (Suncorp, A/ Stable/A-1) also acts as the holding company for the group (all rated 'A+/Stable/--' except where indicated), which includes general insurance businesses - Suncorp Metway Insurance...
Companies mentioned in this report are: Suncorp Metway Insurance Ltd.,GIO General Ltd.,Suncorp-Metway Ltd.,AA Insurance Ltd.,Vero Insurance Ltd.,Vero Insurance New Zealand Ltd.,Vero Liability Insurance Ltd.,Promina Group Ltd.
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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.,GIO General Ltd.,Suncorp-Metway Ltd.,AA Insurance Ltd.,Vero Insurance Ltd.,Vero Insurance New Zealand Ltd.,Vero Liability Insurance Ltd.,Promina Group Ltd.