2003 headquarters sydney australia area served australia and new zealand key people anthony day ceo andrew mair darren o connell matt pearson executive general managers parent promina group suncorp group website http www.vero.com.au vero insurance is an australian insurance company . they are the co major sponsors of the brisbane lions and one of the biggest insurance companies in australia . contents 1 history 2 notable claims 3 controversy 4 references history edit in 1833 alliance insurance 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 in 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 promina . the name of the general insurance company was changed to vero insurance . in 2007 promina and suncorp merged . in 2012 vero insurance became the co major sponsor with national storage for the brisbane lions . 1 notable claims edit vero made what they considered an historic claim on the new zealand 2011 earthquakes in december 2014 . they made the biggest claim for the 2011 earthquakes with 550 million . 2 controversy edit vero sparked a controversy in may 2014 when they refused to refund 87 year old pensioner alex fraser for a cruise he had been forced to cancel when his sister became ill . she died three days later . he had paid 2900 for the cruise and paid an extra 200 on his insurance policy to cover in case a relative became sick or died . despite this he was refused a refund as a clause in the policy defines a relative as an immediate family member under the age of 75 . his sister jean docherty was 81 at the time . 3 references edit lions sign vero as new co major sponsor . sportspro . 2013 11 02 . retrieved 2014 12 18 . nz s largest earthquake claim settlement led by vero . scoop . 2014 12 16 . retrieved 2014 12 18 . cold hearted insurance company refused to refund a pensioner who cancelled his cruise because of his sister s death as she wasn t an immediate relative and she was over 75 . mailonline daily mail . 2014 05 15 . retrieved 2014 12 18 . v t e insurance in new zealand fmg iag ami lumley nzi state qbe insurance southern cross sovereign suncorp aa insurance vero insurance tower v t e business in australia institutions australian competition and consumer commission australian corporate law australian prudential regulation authority australian securities and investments commission australian takeovers panel constitution of australia 1901 cth corporations power economy of australia stock exchange australian securities exchange s & p asx 20 s & p asx 50 s & p asx 200 s & p asx 300 chi x business associations australian chamber of commerce and industry australian hotels association australian industry group business council of australia consult australia minerals council of australia national farmers federation s & p asx 50 companies alpha sorted agl energy amcor amp apa asciano aurizon anz asx bhp billiton brambles caltex australia coca cola amatil commonwealth bank computershare crown csl dexus goodman gpt incitec pivot iag james hardie lend lease macquarie group medibank mirvac national australia bank newcrest mining oil search orica origin energy qbe insurance ramsay health care rio tinto santos scentre seek limited sonic healthcare south32 stockland suncorp sydney airport holdings telstra transurban vicinity centres wesfarmers westfield westpac woodside petroleum woolworths other notable companies adelaide bank akubra alumina australian radio network axa asia pacific bendigo bank bluescope steel bunnings caltex camperdown dairy international challenger cimic cochlear coles downer group fairfax media fosters holden james hardie jb hi fi john holland macquarie radio manildra group metcash national storage news corp australia nine entertainment optus qantas qube holdings rm williams seven west media southern cross austereo st george bank star entertainment group vero insurance virgin australia zinifex corporate controversies and collapses ansett australia bridgecorp holdings dick smith holdings firepower international great southern group james hardie asbestos controversy rodney adler brad cooper ray williams and the collapse of hih insurance king brothers masters home improvement opes prime pasminco becomes zinifex poseidon bubble price fixing in the packaging industry rene rivkin and the offset alpine fire jodee rich and one.tel christopher skase and qintex storm financial timbercorp wa inc wayne mansfield westpoint notable individuals peter abeles warren anderson reg ansett alan bond chris corrigan robert champion de crespigny janet holmes court robert holmes court rod eddington john elliott andrew forrest david gonski joseph gutnick lang hancock margaret jackson gail kelly solomon lew frank lowy david morgan hugh morgan lachlan murdoch james murdoch rupert murdoch sidney myer jacques nasser frank packer james packer kerry packer clive palmer arvi parbo gina rinehart dick smith kerry stokes ziggy switkowski harry triguboff malcolm turnbull solomon trujillo nicholas whitlam retrieved from https en.wikipedia.org w index.php title vero insurance & oldid 720776951 categories insurance companies of australiacompanies established in 20032003 establishments in australia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version 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