Royal & SunAlliance changes name

The Australian and New Zealand business of UK insurer Royal & Sun Alliance will change its name to Promina. The change takes place from February 3 when the holding company's recent restructure comes into effect. The group is planning an public listing for most of its Asia Pacific operations in the first half of 2003.

Royal & Sun Alliance is not used as a retail name and the group's businesses will maintain their brand names including AAMI, Australian Pensioners Insurance Agency, Shannons and Tyndall.