Suncorp aggregate XoL deductible eroded by more than 70% after storms
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Suncorp aggregate XoL deductible eroded by more than 70% after storms

Rachel Dalton
04 November 2021
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Suncorp has estimated that weather losses in the past three months have eroded the A$650mn deductible on its A$400mn aggregate excess of loss (XoL) treaty by up to A$561mn, or 87%.

The announcement comes after the group estimated its losses from the wind and hail event that struck South Australia, Victoria and Tasmania last week at between A$225mn and A$250mn.

Severe

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Rachel Dalton
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