Asteron, previously Royal & Sun Alliance's financial services arm, has roots that trace back to 1833. In both Australia and New Zealand a long history of acquisitions and successful integration of businesses has contributed to the solid heritage that will support Asteron now and in the future. Today Asteron is one of the largest financial services providers in Australasia with around one million clients. Asteron has more than $5 billion in assets under administration and management and $25 billion in assets under supervision. Now as part of the Promina Group, Asteron is supported by a strong financial base, enviable industry expertise, a focused business model and the opportunity to leverage complementary tailored products via recognised brand leaders in Australia and New Zealand .
The Promina Group is a focused, specialist group of diverse Australian and New Zealand insurance and financial services companies. It distributes its insurance products and other financial products and services directly to customers and through other distribution channels, including intermediaries and corporate partners. Promina Group's operations trace back to 1833 in Australia and to 1878 in New Zealand. Promina Group employs over 6,700 staff across 210 offices in Australia and New Zealand. The combined gross written premium of the trans-Tasman business was A$1.39 billion (NZ$1.54 billion) for the six months to 30 June 2003.