The Promina Group was an Australia

Australia

Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

n and New Zealand

New Zealand

New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...

 Insurance

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 company formerly listed on the Australian

Australian Stock Exchange

The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....

 and New Zealand stock exchanges. It is now fully owned by Suncorp-Metway Limited

Suncorp-Metway

Suncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland, Australia. It is one of Australia's largest banks and its largest general insurance group, formed on 1 December 1996 by the merger of Suncorp, Metway Bank and the Queensland Industry...

.

History

Promina Group formed after the "demerging" of the Australian and New Zealand operations of Royal & SunAlliance UK

Royal & SunAlliance

RSA Insurance Group plc , commonly known as RSA, is a global general insurance company headquartered in London, United Kingdom. It has over 20 million customers in 36 countries across Asia, Europe, North America and South America....

 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.

Takeover

On 12 October 2006, Queensland-based bancassurance

Bancassurance

The Bank Insurance Model , also sometimes known as 'Bancassurance', is the term used to describe the partnership or relationship between a bank and an insurance company whereby the insurance company uses the bank sales channel in order to sell insurance products.BIM allows the insurance company to...

 group Suncorp-Metway

Suncorp-Metway

Suncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland, Australia. It is one of Australia's largest banks and its largest general insurance group, formed on 1 December 1996 by the merger of Suncorp, Metway Bank and the Queensland Industry...

 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.

General Insurance

• AAMI (Australian Associated Motor Insurers Limited) - formerly Club Motor Insurance Agency
• APIA (Australian Pensioners Insurance Agency)
• Just Car Insurance
• Shannons
• Vero

General Insurance

• AA Insurance
  AA Insurance
  AA Insurance Limited was launched in 1994 and is a joint venture between the New Zealand Automobile Association and Suncorp-Metway Limited.AA Insurance has over 350 staff servicing 150,000 plus customers and manages almost 300,000 policies...
  
  (joint venture between Suncorp and the New Zealand Automobile Association)
• Autosure
• AXIOM
• Comprehensive Travel Insurance
• Mariner
• SIS
• Vero/Vero Marine/Vero Liability