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SGIOState Government Insurance Office
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Further, NRMAI's business profile would benefit from the acquisition of SGIO through the addition of a significant presence in Western and South Australia to NRMAI's existing dominant position in New South Wales.
SGIO would be consistent with NRMAI's strategy to improve geographical
11, 1998--Standard & Poor's CreditWire 9/11/98--Standard & Poor's today placed its single-'A'-minus insurer financial strength and counterparty credit ratings of SGIO Insurance Ltd.
that it intends to make a takeover offer for all of the issued shares in SGIO.
be successful in acquiring SGIO, some uncertainty also surrounds the financial structure of SGIO within the Wesfarmers group.
NRMA, SGIC and SGIO are now part of MBF Alliances Pty Ltd.