Chanticleer
Suncorp sprints away from IAG
Duopolies are not meant to work this way. But Suncorp is putting its rival in the shade.
Australia’s general insurance duopoly is breaking the accepted economic principle that two companies with rational pricing strategies will deliver investors similar returns.
Suncorp Group, which is headed by Steve Johnston, and Insurance Australia Group, which is headed by Nick Hawkins, have experienced divergent fortunes over the past decade and this raises questions about what exactly resulted in one company performing so poorly.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles