Suncorp says minor A$32mn reinsurance claim eased renewal
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Suncorp says minor A$32mn reinsurance claim eased renewal

Fiona Robertson
09 August 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
suncorp_Brisbane_logo_2021.png

Suncorp made an A$32mn ($23.5mn) recovery from its excess-of-loss reinsurance covers in the fiscal year to 30 June, crediting the low levels of claims as a factor in its smoother than expected renewal.

The Australian insurer said it had used its reinsurance on only one event this year, as it experienced a significant number of smaller events than in its 2020 fiscal year.

This

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

NewsResultsRe/insurersSuncorp
fiona robertson/fiona robertson ii ils.png
Fiona Robertson
Editor-in-Chief
Contact
Gift this article