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Patrick Snowball

Type: Person

Name: Patrick Snowball

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Suncorp Mulls Selling 'Non-Core' Bank - Report

Suncorp Group Ltd. (SUN.AU) is looking at ways to sell the "non-core" bank unit that houses its sour property loans, in a move that would free up capital and could mean higher payouts for investors, The Australian Financial Review said Monday.The regional ... [Published 4 Traders - May 20 2013]

Entities: Suncorp Group Ltd, Patrick Snowball, Credit Crisis, Australian Dollar

First reported May 19 2013 - Updated May 19 2013 - 1 reports

Suncorp to sell off its 'non-core bank'

Suncorp Group plans to divest its so-called "bad bank", which was established to hold a portfolio of loans that could not be financed due to the global financial crisis. The loan portfolio was originally worth $A17.5bn, but its value is forecast to be ... [Published Individual.com - May 19 2013]

Entities: Suncorp Group Ltd, Patrick Snowball, Financial Crisis, Speculations

First reported May 06 2013 - Updated May 06 2013 - 1 reports

Suncorp-Metway Ltd

Suncorp wins licence consolidation approval

The Federal Court has given Suncorp approval to consolidate its five general insurance licences into one.CEO Patrick Snowball has previously identified consolidation as a plank of the groups simplification program.It will reduce the complexity of Suncorps ... [Published InsuranceNews.com.au - May 06 2013]

Entities: Patrick Snowball, Suncorp-Metway Ltd, Australian Securities Exchange, Underwriter

First reported Apr 17 2013 - Updated Apr 17 2013 - 1 reports

Suncorp flood policy call 'gets results'

SUNCORP says the "difficult decision" to cut off new insurance policies in repeatedly flooded Roma and Emerald, until mitigation measures are taken, is getting results. The Brisbane-based insurer's chief executive Patrick Snowball, in a speech today, ... [Published Brisbane Courier-Mail - Apr 17 2013]

Entities: Patrick Snowball, Rome, Brisbane (Australia), Chamber of Commerce

Quotes

...The company said that it will achieve this goal by simplifying pricing and claims. "our move to a functional model and a single view of pricing and claims will ensure the general insurance business leverages scale advantages across all of its brands and unlocks the potential in functional capability that has not been realized to date" said Patrick Snowball, chief executive of Suncorp

Suncorp plans to save $A225 million by 2013 [Published Topnews.in - May 22 2010]