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Suncorp NZ profit falls 30% on floods

Global reinsurers no longer see New Zealand as 'low risk' for cyclones and floods, CEO says.

Profit at insurer Suncorp New Zealand has fallen by 30% following several significant weather events earlier in the year and has warned premiums will have to rise with the country no longer seen as low risk when it comes to cyclones and flooding.

The ASX-listed company’s brands include life

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Hamish McNicol Wed, 09 Aug 2023
Contact the Writer: Hmcnicol@nbr.co.nz
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Suncorp NZ profit falls 30% on floods
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