AAI Limited AUD BBSW+3.20% 6 October 2042 subordinated Tier 2 bond
AAI Limited (formerly Vero Insurance Limited) is one of the largest general insurers in Australia, underwriting mainly motor, home and compulsory third party insurance for individual and commercial clients. It is the main operating general insurance company for Suncorp Group Limited. AAI underwrites and distributes personal and commercial general insurance products across Australia through direct and intermediated channels under several leading brands which include: AAMI, GIO, Suncorp, Vero, and APIA.