Suncorp

Guy Carpenter indicates that bushfire losses will increase as Suncorp reveals $237mn in claims

Guy Carpenter has suggested that estimated insured losses of A$700mn ($482mn) from Australia’s wildfires could climb, putting reinsurance programmes under further pressure.

XoLs safe for now as Australian bushfires imperil QS and agg covers

Suncorp FY 2019 net profit plummets by 83.5%

Australian Suncorp, one of the country’s largest insurers, booked an after-tax net profit of A$175mn ($117.9mn) for the full year ending 30 June 2019, down from A$1.06bn for the FY 2018, as natural catastrophe costs and increased regulatory costs impacted the bottom line.

Suncorp CEO Cameron steps down suddenly

The CEO of one of Australia’s largest insurers, Suncorp, Michael Cameron has stepped down immediately after nearly four years in the role.

Suncorp to buy additional A$200mn natural perils cover

Suncop will buy an additional A$200mn ($143mn) in natural perils reinsurance cover at its 1 July 2019 renewal as it looks for further protection around its main cat and aggregate structures after blowing its budget for losses.

Insurers on hook for A$670mn+ for Sydney hailstorms

Losses stemming from the hailstorms across New South Wales in December are set to cost the industry upwards of A$670mn ($478mn), according to the Insurance Council of Australia.

Suncorp’s reinsurers return to small profit after expensive H1 2017

Suncorp’s cat reinsurers returned to a small profit for the last six months of 2017 after a brutal 2016-17 year fuelled by a heavy cat bill and yet further deterioration from the 2011 Canterbury earthquake.