Suncorp pays more and takes higher retention on A$6.4bn cat reinsurance program

Suncorp said it expects the combined cost of its cat reinsurance premiums and natural hazard allowance to increase by around A$250mn ($167mn), or 12 percent, as it confirmed the placement of its full-year 2024 program with a higher retention and revealed it has non-renewed its aggregate excess of loss protection.


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