Suncorp’s flood losses protected by combination of reinsurance recoveries
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Suncorp’s flood losses protected by combination of reinsurance recoveries

Fiona Robertson
16 March 2022
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Suncorp has said a combination of its various reinsurance covers would be able to respond to the Australian flooding in recent weeks, keeping its net exposure at the previously reported A$75mn ($54mn).

However, the insurer lifted its estimated net natural hazard costs for the year by A$25mn to A$1.1bn.

Suncorp has received more than 34,000 claims, with around 60% in Queensland and around 40% in New South Wales (NSW), it said in...

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NewsClaims and lossesSuncorp
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