Australia Suncorp Group Ltd News

Investors Back Trov, On-Demand Platform for ‘Insurable Moments’ and Items, with $39M

Investors have pledged $39 million for a technology platform that allows consumers to insure their valuable things and turn the coverage on and off whenever they want with swipe of a finger on their smartphone. In the words of the …

Australia’s Suncorp Plans $462 Million Write-down, Cuts Growth Target

Suncorp Group Ltd., Australia’s largest general insurer by market value, plans a A$500 million (US$462 million) write-down at its life insurance unit and cut its growth target for the year to June 2015. The write-down will reduce net profit and …