Suncorp is widely acknowledged as one of the most successful banking / insurance hybrids headquartered in Brisbane, Queensland.
Suncorp recently launched a $7.89 Billion Dollar takeover bid for the Promina Group, whose aegis subsumes the AAMI, Vero, Just Cars and Insurers' Hotline Insurance Brands., to name a few.The ACCC(Australian Consumer and Competition Commission)recently approved of the merger of the two entities, despite reservations previously posited by a plethora of financial pundits who argued that the proposed merger would incur the disapproval of the ACCC, on predicates that thisthe merger would run counter to the interests of consumersAustralian Insurance Consumers.
