ASX Announcements
Appendix 3Ys - Post Share Consolidation
Change of Director’s Interest Notice
Settlement of MTA Insurance proceedings
Legal Proceedings
Update - Consolidation/Split - SUN
Capital Reconstruction, Alternation to issued capital
Change in the Number of Securities
Issued Capital - Other
Update - Dividend/Distribution - SUN
Dividend Record Date, Dividend Pay Date, Dividend Rate, Dividend Reinvestment Plan
February
Insurers call for $30b flood defence fund to protect properties
After Peter Dutton said he wanted to break up insurers, the industry wants to partner with governments to strengthen infrastructure and relocate the most vulnerable buildings.
QBE boss hits back: high insurance premiums are due to risk
Andrew Horton has issued the first response from an insurance industry boss since the opposition leader threatened to break up companies.
ACSI threatens to quit ASX governance council in split over diversity
The lobby group for the $4.1 trillion superannuation sector has threatened to quit the ASX Corporate Governance Council if it drops controversial diversity reporting for listed companies.
IAG says LA wildfires were a wake-up call on disaster preparation
The insurance giant, which owns the NRMA and CGU brands, reports a 91 per cent jump in interim profit, but its shares fell as premium rises moderated.
Suncorp confident it can rise to challenge of Queensland floods
The deluge will not push up insurance premiums thanks to strong buffers, the CEO of the Brisbane-based insurer said after its interim results impressed.
What we learnt: Donald who? AGL’s $1b battery bet and love for EVs get thumbs up
AGL still loves electric vehicles, Suncorp’s profit jump might be too big for its own good, and is CBA’s balance sheet beyond reproach?
January
Californian fires to push premiums higher, worsening poor policy cover
The rising cost of insurance policies has already meant a third of about $60 billion in natural disaster damage over the past decade was left uninsured.
LA fires stoke insurer unease as claims bill mounts
Barrenjoey’s Andrew Adams says the wildfires highlight the growing unpredictability of weather patterns and the increasing severity of events.
December 2024
ASIC slams insurers for gaping holes in complaints systems
“We are extremely disappointed with what we found here,” ASIC commissioner Alan Kirkland said, putting IAG, QBE and Suncorp on notice.
October 2024
How insurers failed when flooded customers needed them the most
A parliamentary report has made 86 recommendations to improve claims handling, calling for government intervention to stop new developments on flood plains.
September 2024
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.
August 2024
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.
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?
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.
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.
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.
July 2024
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”.
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.
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.
June 2024
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?