Auckland, 18 September 2015 – An article printed in today’s National Business Review (NBR) magazine with the headline “Vero subsidiary ordered to pay up” has created confusion for some.
The article refers to “Vero subsidiary AAI” but the court case which is being reported on relates to an Australian company called “AAI Limited”. AAI Limited should not be confused with AA Insurance Limited, which is a joint venture between the NZ Automobile Association and Vero Insurance New Zealand Limited.
Both AAI Limited and Vero Insurance New Zealand Ltd are part of the Suncorp Group of Companies.
AAI Limited is an Australian company and part of the Suncorp Group rather than a subsidiary of Vero.
About AA Insurance
AA Insurance is an independently operated, New Zealand-based joint venture between the New Zealand Automobile Association (NZAA) and Vero Insurance New Zealand Limited (VINZL). Since 1994 we have demonstrated trusted expertise in home, contents and car insurance in New Zealand, and in 2018 introduced commercial small business insurance. We underwrite our own policies and sell direct to New Zealanders. Our 930+ staff look after over 480,000 customers with 970,000 policies.
We proudly partner with Variety NZ and Eden Park and have been consistently recognised by: Reader’s Digest Most Trusted Brands (since 2011) and Quality Service Awards for Car, and Home and Contents Insurance (since 2015), Kantar Customer Leadership Index (since 2019), Canstar Blue Most Satisfied Customers (2011-2018), and the Colmar Brunton Corporate Reputation Index (since 2015) that recognises New Zealand’s most successful companies. AA Insurance was also named Consumer NZ People’s Choice award winner for car, home and contents (2019 and 2020).
AA Insurance has an AA- (Very Strong) Insurer Financial Strength Rating given by Standard and Poor’s (Australia) Pty Ltd. For further information visit aainsurance.co.nz.
For more information please contact:
Media Team, AA Insurance, 027 406 1787, mediacontact@aainsurance.co.nz
