News Non-Life31 Jan 2023

New Zealand:Major Aussie insurers give update on impact of Auckland floods

| 31 Jan 2023

Losses from the severe rainfall and floods that hit Auckland last week will be capped at NZ$50m ($32.4m), net of reinsurance cover, for the Brisbane-headquartered financial services group, Suncorp. The Group has a comprehensive reinsurance programme that provides protection for New Zealand losses.

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