Suncorp recovers A$2.17bn, XoL treaty not triggered
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Suncorp recovers A$2.17bn, XoL treaty not triggered

Abbie Day
09 August 2023
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Australian carrier Suncorp saw its reinsurance recoveries drop to A$2.17bn ($1.42bn) in its fiscal year to 30 June.

This compared with A$2.45bn of recoveries in fiscal 2022.

In total, nat cat events triggered A$1.26bn of losses for Suncorp during the year, A$97mn above the group’s allowance of A$1.16bn

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