Cat events erode 47% of Suncorp aggregate XoL deductible in H1
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Cat events erode 47% of Suncorp aggregate XoL deductible in H1

Rachel Dalton
08 February 2023
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Natural disasters during Suncorp’s fiscal first half have eroded A$399mn ($279mn), or 47%, of the deductible on its aggregate excess-of-loss (XoL) treaty.

The carrier’s aggregate XoL treaty for 2023 provides A$400mn of cover excess A$850mn for loss events costing more than A$10mn.

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