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.
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.
February 2024
How Macquarie helped ANZ win Suncorp
After more than 18 months, ANZ finally has its prize and can buy Suncorp’s banking division. Sorting out the winners and losers isn’t as clear-cut as it seems.
August 2023
Suncorp’s soft dividend backs up its case for ANZ deal
The Queensland company is sensitive to complaints about surging premiums. But its lower dividend payout ratio shows why it wants to get out of banking and focus on insurance.
ANZ will fight ACCC’s rubbery reasons for blocking Suncorp deal
Even after the most intense period of banking competition in decades, the watchdog has rejected the buyout on the risk it could theoretically allow the big banks to co-ordinate.
March 2023
‘Inconsistent’: Bendigo targets Suncorp CEO in ANZ bank deal
The Victorian lender argues to the ACCC that it should be allowed to tie up with Suncorp’s banking arm.
February 2023
Suncorp sprints away from IAG
Duopolies are not meant to work this way. But Suncorp is putting its rival, Insurance Australia Group, in the shade despite their similarities.
January 2023
Suncorp Bank better off being swallowed by ANZ
The ACCC’s most significant decision in the banking sector in 15 years – ANZ’s $4.9 billion takeover of Suncorp Bank – won’t be known till June. Chanticleer believes it should go ahead.
August 2022
Suncorp warns of catastrophic flood risk
A unique analysis of Australian weather data going back 40 years has quantified the scale of the inundation problem facing vulnerable households.
July 2022
Why smaller banks want ANZ’s Suncorp deal stopped
The CEOs of Bendigo and Adelaide Bank and Judo Capital Holdings say ANZ’s takeover of Suncorp Bank will be bad for competition. Their arguments deserve closer analysis.
ANZ deal delivers Suncorp three big wins
Suncorp has extracted a solid price for its bank from ANZ. But the biggest benefits of the deal stem from becoming a standalone insurer.
June 2022
S&P downgrades Suncorp’s bank amid ‘strategic review’
The ratings agency said there was a one in three chance of a further downgrade, which would be likely to be triggered by a divestment.
Strange timing for Suncorp’s bank sale
Selling its banking operations could deliver a windfall for Suncorp shareholders. But it is strange to sell in the worst banking cycle in more than a decade.
February 2022
Suncorp king of insurance oligopoly as IAG falters
Differences in tech and governance help explain a $4 billion valuation gap between the country’s biggest general insurers, Suncorp and Insurance Australia Group.
May 2020
Suncorp flags $133m COVID-19 hit as bank CEO heads to Afterpay
Bancassurer says there are elements of swings and roundabouts from COVID-19 with fewer auto claims but an uptick in claims from landlords.
September 2019
Suncorp looks inside for steady-hand CEO
For the first time, an incumbent has got the top job at Suncorp. Veteran Steve Johnston has already changed the conversation with the market.
Suncorp new CEO won't sell banking arm
Suncorp's new chief executive Steve Johnston says he is committed to keeping the banking and insurance arms of the business together, insisting there are real benefits to the often-criticised bancassurance model.
Suncorp seeks to divest ACM Parts; hires adviser
Suncorp Group is considering options for its automotive parts supplier business, ACM Parts.
August 2019
UK insurance execs take on locals for Suncorp top job
It's two insiders vs a bunch of outsiders in the race for Suncorp's $5 million a year chief executive's job.
What we learnt in week one of reporting season
Four big financial services results this week show how the Hayne pain is helping accelerate a push to get simpler, leaner and more digital.