AA Insurance drives Suncorp's premium growth

Staff reporters
Tue, 09 Feb 2021

Suncorp’s New Zealand division – which operates the Vero Insurance, AA Insurance and AA Life joint ventures, and Asteron Life brands – lifted first-half profit by almost a fifth to a record $129 million, with AA car insurance driving general insurance premium growth.The firm’s NZ general insurance arm lifted profit 6.4 percent to $100 million for the six months to Dec. 31, with gross written premium up 5.4 percent at $923 million. Of that, gross written motor premium rose 8.6 percent to $227 million, with strong new...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation
Juice magnate Lepionka sues lawyers for 'negligent' advice
Greg Hurrell | Tue, 05 Jul 2022

Businessman Stefan Lepionka's negligence case against Gibson Sheat will be split in two, with the law firm's countersuit to be heard first, the high court has ruled.

George Kerr's Pyne Gould receivership continues
Victoria Young | Tue, 05 Jul 2022

Court action continues in the UK, while receivers have already clawed back $8m for the BNZ by selling South Island land.

Don’t cut off Māori landowners’ forest options
Te Kapunga Dewes | Tue, 05 Jul 2022

Well-intentioned academic and environmental critics of exotic forest planting are standing in the way of one of the few economic opportunities available for the use of marginal Māori land.

How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges