ASX Announcements
Market Sensitive
Suncorp 2024 Notice of Annual General Meeting
Capital Reconstruction, Notice of Annual General Meeting, Web Casts
- Sep 19, 2024
- 29 pages
September
- Opinion
- Chanticleer
Beware Donald Trump’s threat to insurers, including in Australia
Australia’s insurers are red-hot with investors. They are finally delivering. But keep an eye on Canberra, as Donald Trump reminded us overnight.
- Anthony Macdonald
August
How a plumbing time bomb is costing insurers and pushing up premiums
Insurers have warned that a rising number of claims stemming from flexible pipes bursting will lead to a rise in general insurance premiums.
- Gus McCubbing
- Opinion
- Super wars
Shouldn’t retirees be on super boards too?
Super funds have changed since the Cooper inquiry recommended more independent directors. Now, it might be a case of why stop there?
- Jeremy Cooper and Ruth Stringer
- Opinion
- Chanticleer
Why your fancy fridge is pushing up insurance bills
The cost inflation that’s sent insurance premiums surging is starting to moderate. But Suncorp boss Steve Johnston says there is stickiness in strange places.
- James Thomson
Suncorp says insurance premiums will continue to rise
The Queensland insurer said water damage from busted pipes is putting pressure on home insurance premiums even as global reinsurance rates stabilise.
- James Eyers
ANZ knocks NAB off the home lending podium
ANZ is now the country’s third-biggest lender to households, boosted by the acquisition of Suncorp’s bank this week.
- Lucas Baird
July
ANZ can finally get under the hood of Suncorp Bank
ANZ chief Shayne Elliott said the $4.9 billion deal, which formally completed on Wednesday, will allow it to “compete more effectively across the Australian market”.
- James Eyers
- Opinion
- Chanticleer
743 days later, ANZ has little to cheer as Suncorp deal closes
After more than two years, ANZ’s $4.9 billion acquisition of Suncorp is finally complete. But the mood inside the two companies is wildly different.
- James Thomson
Suncorp dumps Warren Buffett insurance-protection deal
The decade-long arrangement had split the risks and rewards of the insurer’s exposure to weather in Queensland, covering 30 per cent of its home policies.
- Liam Walsh
June
- Opinion
- Chanticleer
Chalmers turns ANZ’s Suncorp bid into once-in-a-generation deal
When you look at the commitments ANZ is making to buy Suncorp, you have to wonder: if it is competition we’re after, is it competition we’ve got?
- Updated
- Anthony Macdonald
ANZ boss says Suncorp ‘migration’ can avoid Westpac’s St George pain
Shayne Elliott insists he’s learnt from Westpac’s failure to integrate St George, while Suncorp’s Steve Johnston says he can now focus fully on insurance.
- James Eyers, Liam Walsh and Tom Richardson
IAG says premium pressure easing as shares soar on profits
Shares in IAG jumped on Friday as the insurance giant announced that earnings were likely to come in at the top of forecasts.
- Liam Walsh and James Eyers
Trump, Biden spar; ANZ-Suncorp deal gets nod; RBA’s rates humiliation
Read everything that’s happened in the news so far today.
- Updated
- Mergers & acquisitions
Chalmers approves ANZ’s $4.9b Suncorp deal
The decision paves the way for the biggest merger in banking since the Commonwealth Bank took out ailing Bankwest during the global financial crisis in 2008.
- Updated
- James Eyers
Finance sector union not opposed to ANZ’s $4.9b Suncorp bank buy
The federal treasurer, a Queenslander with close ties to the state government, has been considering the takeover of the Brisbane-based bank since April.
- Updated
- Lucas Baird and John Kehoe
Bad repairs and blacked-out costs: when insurance claims turn ugly
Stuff-ups and a rapid acceleration in claims expenses are the hallmarks of boiling customer frustration with insurers, who are also facing higher costs.
- Liam Walsh
May
Here are all the best AI uses from a day talking about it
Will it be useful or “just cool”? Executives and industry insiders spent the AI Summit discussing how they are already using artificial intelligence in their work.
- Maxim Shanahan
Big business braced for AI wave – and plenty of uncertainty
Executives are certain artificial intelligence will transform every part of the economy. They just want to “separate the hype … and the pragmatism”.
- James Eyers and Sally Patten
RACQ back on block, again, as Bank of America fires up sale
BoA’s crack financial institutions team Mike Evans and Pete Nicholls are understood to be leading the effort.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
Firstmac hackers claim tax file numbers
The Brisbane-based lender has warned customers that tax file numbers and dates of birth have been stolen.
- Liam Walsh