Suncorp expects to call on aggregate reinsurance for cyclone Debbie

Mon, 03/27/2017 - 12:09
by Artemis

Australian insurer Suncorp expects that any losses it faces from claims due to the approaching cyclone Debbie, which is anticipated to strike Australia as a Category 4 storm, will cause it to call on its AUS$300 million (US$230mn) aggregate reinsurance layer.

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