Suncorp adds A$75mn aggregate reinsurance top-up in December

08 February 2022

Suncorp bought an additional A$75mn ($55mn) aggregate excess of loss (XoL) reinsurance cover in December, following “a particularly difficult month for natural hazards” in October.

The extra cover was a 50% placement of an A$150mn layer above the existing aggregate treaty, which provided A$400mn cover in excess of A$650mn.

Losses

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