Unimutual returns surplus contribution to UOW

Oct 12, 2005

The University of Wollongong received a pleasant surprise recently when insurance group UniMutual announced a Board decision to return approximately $1.983m in surplus contributions to universities and other education institutions that were members between 1990 and 1997.

This week (Monday 12 October) a cheque of over $69,000 was formally presented to Vice-Chancellor Professor Gerard Sutton by Unimutual Account Manager, Jamie Thomson; Unimutual Technical Consultant, Seung Bang and Chief Operating Officer from Charles Taylor Consulting, David Alwyn.

Unimutual Limited forms part of the Trustee of the Australian and New Zealand Universities Protection and Indemnity Foundation and is a discretionary mutual with membership available to universities and other educational or research institutions with more than 20 employees.