Insurance

Promina to shake up commissions

Thursday 26th of February 2004
Chief executive Mike Wilkins says changes have been made to commissions in Australia and the same needs to be done here to make the business profitable.

Promina has revealed a maiden profit of A$298 million, more than A$100 million over the forecast in its prospectus when it split from Britain's Royal &SunAlliance to list in May last year.

The company reported a statutory net profit - which...

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