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Insurer Name:

 

Vero Insurance Limited

 

Part of the Suncorp Group of Companies

 

Number of Employees:

 

Approximately 1,000 Vero employees

 

Approximately 18,000 across the whole Suncorp group

 

Insurance Gross Written Premium Income:

 

A$6.8 billion + across the whole Suncorp group

 

Total Assets:

 

A$97.4 billion + across the whole Suncorp group 

 

Customers:

 

Over 7,000,000 across the whole Suncorp group 

 

Other Info: 

 

Vero is one of Australia’s largest and most successful intermediated general insurance companies and has over 175 years’ experience in the Australian market.

 

Vero’s products are sold through brokers and business partners.

 

Vero is owned by the Promina Group. 

 

Promina Group is an Australian insurance company formerly listed on the Australian and New Zealand stock exchanges. It is now fully owned by Suncorp-Metway. It employs over 7,200 people in 210 offices across Australia and New Zealand, and traces its operations back to 1833 in Australia and 1878 in New Zealand. 

 

Promina owns and operates the following brands: AAMI, Australian Pensioners Insurance Agency (APIA), Just Car Insurance, Shannons, Vero, Asteron and Tyndall. 

 

In New Zealand the organisation operates Vero, Asteron, Guardian Trust, Tyndall, Vero Marine, Vero Liability, AA Insurance, SIS, AXIOM, Mariner, Comprehensive Travel Insurance and Autosure 

 

On 12 October 2006, Suncorp-Metway Limited, a Queensland based financial group, made an A$7.9 billion bid for the purchase of Promina Group. The merger was subsequently approved by the Australian regulatory authorities and by the Promina shareholders, resulting in implementation of the merger on 20 March 2007. 

 

Insurance Products:

 

 

NB: The above information has been taken from the subject insurer's website and annual reports and is current as of March 2010. We accept no responsibility for inaccurate information. This information should be used as an indication only.

 
Did you know...                  

There are over 100 insurers authorised to conduct insurance business in Australia. Without a broker, how many could you contact?