Insight and Intelligence on the London & International Insurance Markets

20 April 2018

Search archive

Hail losses push Suncorp over H1 nat cat budget

Catrin Shi 15 February 2018

Australian carrier Suncorp exceeded its natural catastrophe claims budget for the six months to 31 December by A$65mn ($51.8mn), primarily driven by losses from the Victoria hailstorm in December.

For the fiscal half-year, Suncorp booked A$395mn of nat cat claims, A$167mn of which related to the Victoria hailstorm, which was by far the costliest cat event during the period.

Other weather-related cat events in the period included hailstorms in Toowoomba, Lismore and Grafton, as well as flooding in southern Australia...


If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership



Share:

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π