| Type | Subsidiary of Suncorp-Metway Limited ASX: SUN |
|---|---|
| Industry | General Insurance Wealth Management |
| Founded | 2003 |
| Headquarters | Brisbane, Australia |
| Area served | Australia and New Zealand |
| Employees | 7,200 (prior to acquisition by Suncorp-Metway in 2007) |
The Promina Group was an Australian and New Zealand Insurance company formerly listed on the Australian and New Zealand stock exchanges. It is now fully owned by Suncorp-Metway Limited.
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Promina Group formed after the "demerging" of the Australian and New Zealand operations of Royal & SunAlliance UK in 2003. When acquired by Suncorp in 2007, it had 210 offices across Australia and New Zealand. The Promina Group traces its operations back to 1833 in Australia and back to 1878 in New Zealand.
On 12 October 2006, Queensland-based bancassurance group Suncorp-Metway Limited made a A$7.9 billion bid for the purchase of Promina Group. The Australian regulatory authorities and the Promina shareholders subsequently approved the merger, which took place on 20 March 2007.