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AMP Limited
AMP Limited is an Australian financial corporation. It operates primarily in
Australia and New Zealand. AMP formed in 1849 as the Australian Mutual Provident
Society, a non-profit life
insurance company. In 1998 it was demutualised and
listed on the Australian and New Zealand stock exchanges. The company provides
banking, life insurance, managed funds, superannuation, property, listed assets
and infrastructure.
AMP has one of Australia’s largest shareholder registers, with most shareholders
living in Australia and New Zealand. This is because when the society
demutualised, all policy holders received shares in the new company. Its UK
operation was the subject of a demerger in 2003, separating out Henderson Group
plc. The CEO is Craig Dunn.
AMP is Australia's largest retail and corporate superannuation provider, and one
of the region's most significant investment managers with more than A$97 billion
(as at 31 December 2009) in assets under management.
AMP has two major businesses that deliver products and services to its customers
in Australia and New Zealand – AMP Financial Services and AMP Capital Investors.
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AXA
AXA (Euronext: CS, Pink Sheets: AXAHY) is a French global
insurance group
headquartered in the 8th arrondissement of Paris. AXA is a conglomerate of
independently run business, operated according to the laws and regulations of
many different countries. The AXA group of companies engage in life, health and
other forms of insurance, as well as investment management. The group operates
primarily in Western Europe, North America and the Asia Pacific region and the
Middle East.
The AXA Group encompasses five operating business segments: Life & Savings,
Property & Casualty, International Insurance (including reinsurance), Asset
Management and Other Financial Services. It ranks as the 9th largest company in
the world (based on revenue) on the 2010 Fortune Global 500 list.
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GIO General
GIO is an Australian general insurance company founded by the New South Wales
State Government in 1927 as the Government Insurance Office of NSW. It is now
fully owned by Suncorp-Metway.
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GMHBA Limited
GMHBA Limited is a not-for-profit, 100% member based private health insurer,
based in Geelong, Victoria, Australia. Today GMHBA has over 88,000 members and
provides health cover for around 200,000 Australians.
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HBF Health Fund
HBF is a private
health insurance company based in Perth, Western Australia. It
is Western Australia’s largest health
insurance provider and also offers general
insurance products including motor, home and
travel insurance.
HBF is also known as a strong supporter of community initiatives such as the HBF
Run for a Reason and the HBF Freeway Bike Hike.
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HCF Health Insurance
HCF (Hospitals Contribution Fund of Australia) was formed in 1932 to provide
health insurance cover to
Australians. Since then, it has grown to become one of
the country’s largest combined registered private health fund and
life insurance
organisations.
HCF provides private
health insurance cover for a full range of health benefits
including private hospital, Australia-wide ambulance cover and ancillary
services. HCF is financially secure and is one of the few major health funds to
allow contributors to vote for Directors to the Board.
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Insurance Australia Group
Insurance Australia Group Limited (IAG) is an Australian publicly-listed company
with its shares traded on the Australian Stock Exchange as ASX: IAG.
The company was formed by the demutualisation of the NRMA Insurance business in
July 2000 and a return of shares to the members of NRMA. According to its
website, NRMA Insurance Group Limited changed its name to
Insurance Australia
Group Limited on 15 January 2002. IAG is the name of the listed entity; it is
not a customer-facing retail name, however it represents the holding company
that holds the many retail brands together.
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Promina Group
Promina Group is an Australian and New Zealand Insurance company formerly listed
on the Australian and New Zealand stock exchanges. It is now fully owned by
Suncorp-Metway Limited.
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QBE Insurance
QBE Insurance Group Limited (ASX: QBE) is an Australian based general insurance
provider, providing insurance services mainly to the Asia Pacific region, but
also America and Europe (QBE European Operations). It has offices in 45
countries.
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Real Insurance
Real Insurance is an Australian based general insurer. Real
Insurance is a part
of the Hollard Group, which has offices in the UK, USA, China, South Africa and
India. The Hollard Group has more than 6.5 million policy holders worldwide.
The Hollard Insurance Company Pty Ltd opened in Australia in 1999. Under its
direct insurance brand Real Insurance, The Hollard Insurance Company has over
200,000 policy holders.
The Hollard Insurance Company Pty Ltd is regulated and licensed by APRA (the
Australian Prudential Regulation Authority) and ASIC (Australian Securities and
Investments Commission) Australia's insurance regulatory bodies.
Real Insurance opened in Australia in 2005. Real Insurance is a general insurer.
Its products include home insurance,
car insurance, contents insurance, life
insurance, bicycle insurance and landlords insurance.
Real Insurance has been labelled a 'challenger brand', representing a threat to
Australia's biggest insurers.
Real Insurance was the first
Australian insurance company to offer Pay As You
Drive car insurance.
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Royal Automobile Association
The Royal Automobile Association of South Australia, also known simply as RAA,
is a South Australian automobile club providing a range of member services
including: 24-hour emergency breakdown, vehicle inspection, motoring advocacy,
road safety, legal services, technical advice, travel services, security, tour
planning, accommodation booking and also a subsidiary insurance company.
RAA services operate on a break-even basis and the organisation looks to
generate a profit through its commercial and investment activities.
RAA began as The Automobile and Motor Cycling Club of South Australia in 1903,
but by 1904 had amended its name by deleting the words ‘Motor Cycling’. In 1911
the club was reconstituted as an Association, and in 1928 received its Royal
patronage. However, it was not until 1959 that the association changed its logo
from AA of SA to RAA.
The head office of the Royal Automobile Association is located at the
north-eastern corner of the South Road- Richmond Road intersection, in the
Adelaide suburb of Mile End South. Originally, the head office was located in
Hindmarsh Square within the Adelaide central business district. RAA has branch
offices located throughout the Adelaide metropolitan area, as well as in South
Australian regional centres.
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Royal Automobile Club of Victoria
The Royal Automobile Club of Victoria (RACV) is a motoring club and mutual
organisation, providing services such as roadside assistance, vehicle, home and
contents insurance, personal and car loans, driving instruction, tourism
services and home security products.
The RACV runs a lifestyle club known as the RACV Club, with locations in the
Melbourne CBD and at Healesville. It operates resorts in regional Victoria and
on the Gold Coast, Queensland, which cater to the conference market and members
who play golf. It also produces a monthly magazine for members which covers
travel destinations in Victoria.
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SGIC
SGIC is an insurance brand of
Insurance Australia Group trading in South
Australia. It was formerly the State Government Insurance Commission, providing
compulsory third party motor vehicle insurance.
SGIC first opened its doors for business on 4 January 1972 with a staff of 24
housed in the third level of Adelaide House a 55 Waymouth Street, Adelaide. When
the Bill to establish SGIC was introduced into the South Australian Parliament
the Premier at the time Don Dunstan declared that SGIC's role was to help keep
premiums at reasonable levels, ensure by competition that adequate service was
given and make funds available for investment in semi governmental loans
important to the development of the State. The first premium income for SGIC
came from insuring the car fleet for the South Australian Government $155,026.
SGIC moved to new premises on 24 April 1981 at 211 Victoria Square Adelaide.
SGIC grew from a concept in 1971 to become the largest general insurer in South
Australia by 1992 selling motor, home, life, commercial and health insurance
throughout the state via 19 branches. By 1992 one in four South Australians was
a client of SGIC and it employed close to one thousand South Australians.
In the latter half of the 1990's the State Government decided to sell SGIC with
the Company being acquired by SGIO from Western Australia in 1998. In 2000 SGIO
was acquired by NRMA who in turn acquired CGU. SGIC and CGU moved to new
Building at 80 Flinders Street in 2005.
In moving from a totally state based insurer to being under the umbrella of NRMA
who then changed to IAG or Insurance Australia Group meant the assessing
resources from South Australia were sent interstate on many occasions to assist
when natural disasters hit. Sydney Hailstorm, Cyclone Larry, Newcastle Floods,
Victorian Bushfires 2009, Melbourne and Perth Storm 2010 were all events to
which assessing assistance was sent from South Australia.
The depth of Home Assessing expertise and knowledge within the SA Assessing Team
which included the likes of Chook Simmons, Paul Bockman, Barry Lawrie and David
Hinsley under the management and guidance of Andrew Hooper was greatly utilized
during these periods. Another important member of the Team Sophie Arthur started
Assessing for SGIC in 2000 was one of the first female Home Assessors in the
State. Other members of the Team included John Brandt and Glenn Murray.
Many past employees of SGIC have gone on to hold important positions in other
major companies and Organizations in Adelaide such as RAA, Allianz, QBE and
OPTUS.
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SGIO
SGIO (an acronym of its earlier name State Government Insurance Office) is an
insurance brand of Insurance Australia Group trading in Western Australia. Until
1986, it was also the name of the Queensland financial institution now known as
Suncorp.
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Suncorp-Metway
Suncorp-Metway Limited (ASX: SUN) is an Australian finance, insurance, and
banking corporation based in Brisbane, Queensland, Australia. It is one of
Australia's largest banks (by combined lending & deposits) and its largest
general insurance group, formed on 1 December 1996 by the merger of Suncorp,
Metway Bank and the Queensland Industry Development Corporation (QIDC).
Suncorp had shares in RACQ Insurance in Queensland, the RAA in South Australia,
and the RACT Insurance in Tasmania (100%).
They also are the parent of insurance company GIO. GIO is mainly used as a
general insurance company representing Suncorp outside Queensland, as their
branches are few and far between in New South Wales, Victoria, Tasmania and
Western Australia.
In 2002, Suncorp-Metway covered nearly all areas in wealth and banking,
including life insurance, general insurance, commercial insurance, Compulsory
Third Party (CTP), banking, finance, agricultural banking and business banking.
As the parent company of the Promina Group Suncorp-Metway also owns the AAMI,
Apia, Just Car Insurance, Shannons, InsureMyRide, Vero, Asteron and Tyndall
insurance brands in Australia, and Vero, Asteron, Guardian Trust, Tyndall, Vero
Marine, Vero Liability, AA Insurance, SIS, CMV/AXIOM, Mariner, Comprehensive
Travel Insurance and Autosure brands in New Zealand.
Suncorp currently has assets of over AU$73 billion, over 8 million customers,
and over 17,000 staff. Suncorp has 232 retail and business banking outlets,
predominantly in Queensland, GIO has 34 agencies in NSW and Victoria and an
additional 157 retail branches and services centres have been added since the
Promina acquisition. Suncorp is the largest banking and insurance corporation
headquartered in Brisbane.
In 2008 Suncorp transferred its $230 million credit card portfolio to Citibank.
After a retail banking review in 2007 Suncorp determined its credit card
portfolio was a non-core asset and entered into talks to sell its 100,000 cards
to Citibank. Citibank now handles the operational aspects of credit whilst the
Suncorp brand remains on the cards and Suncorp continues to provide customer
interaction.
The company is owned by approximately 215,000 shareholders holding more than 924
million shares. Suncorp's Chairman and Non-executive Director is John Story; its
Chief Executive Officer and Managing Director is Patrick Snowball.
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