Suncorp insures itself against more storms

Original article by Sally Rose
The Australian Financial Review – Page: 17 & 20 : 5-Aug-16

Suncorp Group has reported an 8.3 per cent decline in net profit for 2015-16, to $A1.04 billion. Michael Cameron, the CEO of the Australian-listed insurance group, stated on 4 August 2016 that Suncorp has increased its reinsurance protection by $A300 million because of the higher frequency of weather-related events. Shares in Suncorp rose 0.7 per cent to $A13.30.

CORPORATES
SUNCORP GROUP LIMITED – ASX SUN, MAPLE-BROWN ABBOTT LIMITED, JP MORGAN AUSTRALIA LIMITED, SUNCORP LIFE AND SUPERANNUATION LIMITED, ASTERON LIFE LIMITED, CONTANGO ASSET MANAGEMENT LIMITED, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX

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