Suncorp set to become a ‘pure insurer’



Sky News Business Editor Ross Greenwood says Suncorp is set to become a “pure insurer”.

“A business that’s been good in the past six months, with higher premiums, better investment markets and fewer weather-related natural disasters,” he said.

This comes after the ACCC knocked back ANZ’s effort to buy out Suncorp’s banking operation.

Mr Greenwood said the Australian Competition Tribunal overturned that decision.

Suncorp CEO Steve Johnston joined Mr Greenwood to discuss the “controversial ANZ deal”.

source

5 thoughts on “Suncorp set to become a ‘pure insurer’”

  1. A business that’s been good in the past six months, with higher premiums, better investment markets and fewer weather-related natural disasters,” he said. Put that in climageddon bong and smoke it stooges 😂😂

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  2. They have made a huge profit amidst Far North QLders being given rises in Suncorp Insurance that is so dear we (yes I live up here) cannot afford to use them. $10 000 a year was the quote. I would love to know how many in the cyclone prone FNQ actually use them…

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