Suncorp
Suncorp flags more premium hikes as reinsurance costs bite
The insurer says premiums for car and home insurance have been increasing at double-digit rates, and prices will continue to rise.
- by Clancy Yeates
Latest
Reworked ANZ-Suncorp deal could help it get across the line
ANZ may have to tweak its deal to improve the chances of getting the $4.9 million planned purchase of Suncorp’s banking assets through on appeal, investors have said.
- by Millie Muroi
Updated
Mergers & acquisitions
ANZ to challenge ACCC knockback of $4.9b Suncorp deal
ANZ will appeal the ACCC’s rejection of what would have been the biggest transaction in Australian banking since Westpac’s 2008 takeover of St George.
- by Millie Muroi
Opinion
Mergers & acquisitions
ANZ’s blockbuster bid for rival bank to go down to the wire
As D-Day looms for the Australian banking sector’s biggest proposed deal since 2008, ANZ and Suncorp are trying to persuade regulators that the local industry isn’t a cozy oligopoly.
- by Clancy Yeates
ACCC unconvinced ANZ-Suncorp deal will deliver public benefits
The competition watchdog is so far unconvinced ANZ’s $4.9 billion plan to buy Suncorp’s bank will deliver the benefits claimed by the banking giant.
- by Clancy Yeates
Updated
Earnings season
ANZ Bank and Suncorp bosses say households finances are resilient
The bosses of financial heavyweights ANZ Bank and Suncorp Group predict Australia is likely to avoid recession.
- by Clancy Yeates
BoQ to raise market power concerns over ANZ-Suncorp deal
Bank of Queensland is expected to warn that ANZ’s planned $4.9 billion purchase of Suncorp’s bank will further entrench the major bank oligopoly in Australia.
- by Clancy Yeates
IAG and Suncorp face thousands of claims from Auckland flood disaster
The flooding comes after insurers’ budgets for natural disasters have been repeatedly exceeded in recent years: last year’s East Coast flooding was the most expensive natural disaster for insurers in Australian history.
- by Clancy Yeates
Suncorp to concentrate on affordable insurance after divesting bank, CEO says
The competition watchdog is deciding whether to authorise ANZ’s purchase of Suncorp’s banking arm for $4.9 billion.
- by Simone Fox Koob
Updated
Big four
ANZ says low unemployment rate would mitigate job losses from Suncorp deal
Seeking to get the green light from the competition watchdog for its takeover of Suncorp’s banking arm, ANZ also argued the public detriment over potential branch closures would be minimal in the age of online banking.
- by Simone Fox Koob
Insurance shares jump as High Court declines to hear COVID-19 appeal
The High Court rejects a further appeal in the dispute over “business interruption” cover, and whether insurers are liable for losses associated with pandemic lockdowns.
- by Clancy Yeates