Suncorp

Suncorp reports half year profit surge as bank sale, lower claims boost earnings

February 12 2025

Results driven by AU$252m gain from bank sale and a lower-than-expected natural hazard costs.

Fitch assigns Asteron Life 'A' IFS rating following acquisition by Resolution Life

February 4 2025

Ratings have a positive outlook with further rating uplift expected due to pending acquisition of Resolution Group by Nissay.

Suncorp signs five-year Microsoft partnership to advance AI use

December 12 2024

Partnership includes deploying generative AI tools to streamline claims processing, enhance employee efficiency, and ensure ethical AI governance.

Suncorp launches Disaster Management Centre in Brisbane

November 27 2024

The new centre uses technology and collaborative insights in efforts to enhance disaster preparedness and customer support across Australia and New Zealand.

fitch-downgrades-suncorp-groups-ratings-following-bank-sale-changes-to-reinsurance-programme

Fitch downgrades Suncorp's ratings following bank sale, changes to reinsurance programme

November 8 2024

Prism score now weaker than criteria for 'AA' IFS rating due to changes in capital base and risk of reinsurance programme.

Suncorp reports 13.9% rise in GWP for FY2024, forecasts further rate hikes

August 19 2024

Insurer sees net profit of AU$1.2bn, but future financial dynamics set to evolve post-divestment of banking and NZ life insurance operations.

Suncorp transitions to dedicated trans-tasman insurer following completion of bank sale

July 31 2024

The AU$4.9bn (US$3.2bn) sale to ANZ means the group can deliver greater value to its customers and shareholders, said Group CEO Steven Johnston.

Suncorp's FY25 reinsurance renewal bumps main cat limit, axes QLD quota share

July 5 2024

Cost of program expected to be broadly in line with FY24 renewal.

Resolution Life set to acquire Asteron Life in NZ$410m Deal

April 4 2024

US$247m acquisition from Suncorp Group will make Resolution Life New Zealand's second-largest life insurer.

nrma-and-suncorp-provide-premium-cuts-through-bushfire-resilience-app

NRMA and Suncorp provide premium discounts through Bushfire Resilience App

March 21 2024

Aussie insurers team up with Resilient Building Council to reward households with reduced premiums for improving bushfire resilience.

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