Vero Insurance: Difference between revisions

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{{notability|Companies|date=December 2014}}

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'''Vero Insurance''' is an Australian insurance company.
'''Vero Insurance''' is an Australian insurance company.



Revision as of 07:17, 16 December 2014

Vero Insurance is an Australian insurance company.

History

In 1833, Alliance Inaurance, a UK-based company, established an office in Australia, and wrote one of Australia's first life insurance policies. In 1848, Royal Insurance opened an office in Adelaide. In 1849, they opened one in Sydney, and in 1850, Melbourne. In 1865, the Sun Insurance Office began functioning as an agency for the first time. Also I'm 1865, London Insurance began functioning simultaneously in the cities of Sydney, Melbourne, Adelaide, Hobart and Launceston. In 1959, Alliance Insurance and Sun Insurance merged to form Sun Alliance. In 1961, Royal Insurance acquired the London & Lancashire and Derwent & Tamar group. Derwent & Tamar was Australia's first insurance company. In 1965, Sun Alliance merged with London Insurance, and changed its name slightly to SunAlliance. In 1985, SunAlliance acquired the Phoenix group of Century, Prudential and Cornhill. In 1986, Australian Alliance Insurance was established as a separate company to SunAlliance, to cater to the needs of the elderly. They did this through their brand, Australian Pensioners Insurance Agency. In 1992, Royal Insurance and SunAlliance merged to become Royal & SunAlliance.In 1994. SunAlliance purchased New Zealand's general insurance group Royal Insurance. In 1997, SunAlliance purchased Connelly Temple. In 2003, Royal & SunAlliance announced a change in organisational structure in Australia and New Zealand and changed its name to Promnia. The name of the general insurance company was changed to Vero Insurance.In 2007, Promnia and Suncorp merged. In 2012, Vero Insurance became the co-major sponsor, with National Storage, for the Brisbane Lions.