NSW flood claims highlight rising risk, costs for insurer Suncorp - Sydney Morning Herald

Suncorp has been hit with higher reinsurance costs and has to wear more of the risk from weather catastrophes like the current flooding in NSW, it revealed on Monday.

In a note to clients, UBS analyst Scott Russell said the reinsurance news was timely given the recent weather activity over greater Sydney - which is too early to quantify. But Russell warned the li… [+1439 chars]

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