Promina Group
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Promina Group is an Australian insurance company listed on the Australian and New Zealand stock exchanges as ASX: PMN, NZX: PMN. 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 a $7.9 billion bid for the purchase of Promina Group. The company has said it is "favourably disposed" to the offer. [1]
Promina's main rival in the Australian insurance market is Insurance Australia Group (IAG).
[edit] References
- ^ Neal Woolrich. "Promina shares surge on takeover offer", Lateline, Australian Broadcasting Corporation, 2006-10-12. Retrieved on 2006-10-13.
[edit] External links
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