Suncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland, Australia.
| FactSnippet No. 1,645,191 |
19 Facts About Suncorp
1.
2.
The new company, Suncorp-Metway, became one of the largest insurance and finance groups in Australia, ranking fifth in the national market.
| FactSnippet No. 1,645,192 |
3.
Suncorp sought to launch itself on a truly national scale, replacing its allfinanz model with a new financial conglomerate strategy.
| FactSnippet No. 1,645,193 |
4.
Suncorp wanted to expand, particularly in its more profitable insurance division.
| FactSnippet No. 1,645,194 |
5.
Suncorp made its first acquisition in 2001 by taking over GIO General Ltd, which was then part of AMP.
| FactSnippet No. 1,645,195 |
6.
Suncorp continued to build up its insurance portfolio into the middle of the decade.
| FactSnippet No. 1,645,196 |
7.
Suncorp acquired 50 percent of the Queensland-based RACQ Insurance, a joint venture originally formed between AMP and RACQ.
| FactSnippet No. 1,645,197 |
8.
Suncorp bought out AMP's share of the joint venture in 2002.
| FactSnippet No. 1,645,198 |
9.
Suncorp then began preparations for a still larger takeover of insurance giant Promina Group Limited.
| FactSnippet No. 1,645,199 |
10.
Citibank now handles the operational aspects of credit whilst the Suncorp brand remains on the cards and Suncorp continues to provide customer interaction.
| FactSnippet No. 1,645,200 |
11.
Suncorp operated 232 retail and business banking outlets, predominantly in Queensland.
| FactSnippet No. 1,645,201 |
12.
Suncorp has been granted a MySuper authority, enabling it to continue to receive default superannuation contribution from 1 Jan 2014.
| FactSnippet No. 1,645,202 |
13.
Suncorp was inducted into the Queensland Business Leaders Hall of Fame in 2016.
| FactSnippet No. 1,645,203 |
14.
Suncorp 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.
| FactSnippet No. 1,645,204 |
15.
On 19 April 2009, Suncorp announced a re-branding of the banking arm of the company to Suncorp Bank.
| FactSnippet No. 1,645,205 |
16.
The reason behind the re-branding is to give the company a view that Suncorp is a bank with an insurance arm, not an insurance company with a banking division.
| FactSnippet No. 1,645,206 |
17.
Suncorp acquired insurance joint ventures with motoring clubs RACQ and RAA in 2001, but chose to divest them in 2010.
| FactSnippet No. 1,645,207 |
18.
Suncorp holds the naming rights of Lang Park, currently branded as Suncorp Stadium.
| FactSnippet No. 1,645,208 |