Investment Matters

Company news: Suncorp

Suncorp advised the financial impact of a hailstorm that hit Sydney on 28-Feb-17.  Some $150m to $170m of claims, principally home and vehicle, are expected.  The company has a reinsurance program (insurance for the insurers essentially), and we are though traditional major storm risk time, therefore we think the company remains on track to meet its FY-17 guidance.