Natural hazard costs erode ~72% of Suncorp’s FY allowance
Reinsurance News - May 08, 2025
In a new market update, Australian insurer Suncorp has disclosed that it incurred natural hazard costs of AUD 1.115 billion in the 10 months to April 30th, 2025, which has eroded almost 72% of the carrier’s AUD 1.560 billion full year natural hazard allowance. Suncorp explained that there have...
Recommended Articles
Posted: Apr 01, 2026
A recent Geneva Association report warns that as cyber incidents grow more frequent, sophisticated,...
Posted: Apr 01, 2026
Talanx AG, one of Europe’s major insurance and financial services groups, has secured a total of EUR...
Posted: Apr 01, 2026
The frequency and intensity of severe convective storm (SCS) events have increased significantly lea...