Weather events did not trigger Suncorp’s aggregate reinsurance
Business Insurance - Aug 11, 2023
Australia-based insurer Suncorp Group Ltd. said that its aggregate reinsurance arrangement for the year ended June 30 was not triggered, despite around 130,000 natural hazard claims across Australia and New Zealand, Artemis reported. Suncorp exceeded its natural hazard allowance by $97 million Austr...
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