Suncorp reports total nat cat costs in H1’24 of $568m

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Reinsurance News - Jan 29, 2024

Australian primary insurer Suncorp anticipates the total cost of natural hazard events for H1 2024 to be approximately $568 million, which consists of six significant events during the period. Suncorp’s natural hazard allowance for FY24 is $1.36 billion, so the insurer has used less than 50% o...

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