Suncorp tops up cover with new A$75mn as it eats into agg XoL deductible


Suncorp went through more than three quarters of the A$650mn ($463.7mn) deductible on its aggregate excess of loss (AXoL) treaty in the first half of its financial year, with the Australian insurer hit with far-higher-than-budgeted-for natural hazard costs during the period.

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