Suncorp within natural-hazard allowance despite Australian storms
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Suncorp within natural-hazard allowance despite Australian storms

Jai Singh
03 January 2024
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
suncorp_logo_flood_2022.png

Australian insurer Suncorp has confirmed it expects to be within its natural-hazard allowance of A$680mn ($459mn) for the half-year to December 2023, following the severe weather events that have impacted Australia’s east coast.

The insurer’s full-year natural-hazard allowance is A$1.36bn.

Suncorp also has a reinsurance program with a maximum event retention of $350mn and a 30% Queensland home quota share.

The

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

SuncorpWeatherNews
jai singh 2024 ii red 2.png
Jai Singh
Reporter
Contact
Gift this article