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Showing 21 - 30 of 32 results for "Promina Group"

Promina expects strong 2004 despite slowing premium growth

Trans-Tasman insurer Promina Group Ltd expects another strong result in 2004 despite slowing premium growth across the insurance industry. Managing director Michael Wilkins said today the company was tracking well after a good first quarter in 2004. ...

Promina announces $250 million reset preference shares

AAP  |  TUESDAY, 23 MAR 2004
Insurer Promina Group said today that it had today made an offer of up to $250 million in reset preference shares as part of its long term capital management program. CFO Harold Bentley said the RPS offer was part of the group's long term capital management ...

Promina announce $200-$300 million capital raising for growth

AAP  |  THURSDAY, 26 FEB 2004
Trans-Tasman insurer Promina Group has revealed plans to raise $250-$300 million for future growth after booking a full year net profit that topped its own prospectus forecast by more than $100 million. Promina managing director and CEO Michael Wilkins ...

Promina listing leads to subsidiary name change, Vero

After renaming the financial services part of the business Asteron in July, the Promina Group has announced that Royal & SunAlliance General Insurance has also undergone a name change, to Vero Insurance Ltd. The group also announced that Vero had also ...

Low rainfall sparks hopes of high insurance earnings

AAP  |  THURSDAY, 9 OCT 2003
... even better than expected earnings in the coming year. Analysts at UBS have upgraded their earnings estimates for Promina Group Ltd, Insurance Australia Group Ltd (IAG) and QBE Insurance Group Ltd, saying that the low rainfall has kept a lid on motor ...

Promina Group on track to meet profit forecast

Promina Group Ltd chief executive Mike Wilkins today said the general insurer was on track to meet its prospectus forecast of a full year net profit of $188 million in 2002/03. Mr Wilkins said that the group's first half net profit of $135 million put ...

Moody's downgrades Royal & Sun Alliance LMI

... A3 to Baa1. The rating outlook, which had been negative, is stable. R&SALMI is a wholly owned subsidiary of the Promina Group. Moody's said the downgrade of R&SALMI reflects its belief that the mortgage insurer, which effectively stopped writing new ...

Mike Wilkins elected ICA president

Promina Group Ltd has announced its managing director and CEO Mike Wilkins has been elected president of the Insurance Council of Australia (ICA). Wilkins will replace outgoing president Raymond Jones who has been in the position since 2001. "I am honoured ...

Promina rebrands Royal & SunAlliance as Asteron

The Promina Group today announced that Royal & SunAlliance Financial Services will be rebranded as Asteron from July 1. "Our new name and brand identity are designed to reflect a modern, dynamic financial services organization, which is committed to ...

S&P raises ratings on Promina subsidiaries

... Standard & Poor's Ratings Services has raised the 'insurer financial strength' and 'counter-party credit' ratings on Promina Group's principal general insurance subsidiaries to A from A-minus following the successful completion of the initial public ...