Suncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland, Australia.
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17 Facts About Suncorp Group
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2.
Suncorp Group sought to launch itself on a truly national scale, replacing its allfinanz model with a new financial conglomerate strategy.
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3.
Suncorp Group wanted to expand, particularly in its more profitable insurance division.
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4.
Suncorp Group made its first acquisition in 2001 by taking over GIO General Ltd, which was then part of AMP.
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5.
Suncorp Group continued to build up its insurance portfolio into the middle of the decade.
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6.
Suncorp Group acquired 50 percent of the Queensland-based RACQ Insurance, a joint venture originally formed between AMP and RACQ.
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7.
Suncorp Group bought out AMP's share of the joint venture in 2002.
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8.
Citibank now handles the operational aspects of credit whilst the Suncorp Group brand remains on the cards and Suncorp Group continues to provide customer interaction.
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9.
Suncorp Group operated 232 retail and business banking outlets, predominantly in Queensland.
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10.
Suncorp Group has been granted a MySuper authority, enabling it to continue to receive default superannuation contribution from 1 Jan 2014.
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11.
Suncorp Group was inducted into the Queensland Business Leaders Hall of Fame in 2016.
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12.
Suncorp Group covers nearly all areas in wealth and banking, including life insurance, general insurance, commercial insurance, Compulsory Third Party, banking, finance, superannuation agricultural banking and business banking, the notable exception being health insurance.
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13.
On 19 April 2009, Suncorp Group announced a re-branding of the banking arm of the company to Suncorp Group Bank.
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14.
The reason behind the re-branding is to give the company a view that Suncorp Group is a bank with an insurance arm, not an insurance company with a banking division.
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15.
Suncorp Group acquired insurance joint ventures with motoring clubs RACQ and RAA in 2001, but chose to divest them in 2010.
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16.
Suncorp Group holds the naming rights of Lang Park, currently branded as Suncorp Group Stadium.
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