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On Tuesday, the Australian Competition Tribunal will decide if the $4.9 billion deal can be done. Whichever way it goes, the ramifications will be significant.
Insurance prices rose a colossal 16.3 per cent in the year to November, the fastest rate of any consumer spending category.
Higher costs for home and car repairs remain a sore point, insurers say, signalling more pressure on customers or shareholders.
The insurer’s latest confession about old claims creeping up means it should have missed a key earnings target from last year.
ANZ and Suncorp have overcome the first hurdle in clearing a $4.9 billion sale of the Brisbane-based group’s banking division.