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Examples
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''Suncorp's personal-insurance policies cover for floods automatically.
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Companies such as Suncorp, Aristocrat Leisure, Toll Holdings, Telstra, Foster's, Bluescope Steel and Qantas were just a few of the companies punished by investors for reporting a set of results that were worst than expected.
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The fee for the AA-rated Big Four banks is 70 basis points, increasing to 100 basis points for an A-rated lender such as Suncorp, and 150 basis points for BBB-rated institutions such as Bendigo and BoQ.
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Suncorp Group Ltd. will cut 71 jobs at its insurance arm to improve back office efficiency and Westpac Banking Corp. expects to finish the fiscal year with fewer staff, the companies said Wednesday.
Suncorp, Westpac Cut Jobs Gavin Lower 2012
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"We seek to identify ways we can better do things and do things more efficiently using partner organizations," Suncorp spokesman Chris Newlan said.
Suncorp, Westpac Cut Jobs Gavin Lower 2012
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Insurers were feeling the brunt of the impact of the earthquake that hit Christchurch, with Insurance Australia Group Ltd. cutting its full-year insurance margin guidance and Suncorp Metway Ltd. confirming it is also exposed to claims costs from the quake.
Australia Weighs Cost of New Zealand Earthquake Rebecca Thurlow 2011
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Insurer Suncorp was down 3.4% as tropical cyclone Yasi approached the Queensland state.
China Shares Unsure of Latest Data Colin Ng 2011
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Two of this region's largest insurers, Insurance Australia Group Ltd. and Suncorp Group Ltd., each posted declines of more than 40% in first-half earnings this week, largely because of the run of previous natural disasters.
Upscale Suburb Shattered by Quake Geoffrey Rogow 2011
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Insurers were feeling the brunt of the impact; Insurance Australia Group Ltd. cut its full-year insurance margin guidance, and Suncorp Group Ltd. confirmed it is also exposed to claims costs from the quake.
New Zealand Expands Rescue Efforts Lucy Craymer 2011
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"Suncorp is highly profitable and has gained from the extensive knowledge and hard work of Australian staff, who should not be expendable in Chief Executive Officer Patrick Snowballs ' pursuit of cost reductions," the union said on its website.
Suncorp, Westpac Cut Jobs Gavin Lower 2012
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