Suncorp says reinsurers will bear Cyclone Debbie claims

Suncorp has said its reinsurance should cover any claims
resulting from Cyclone Debbie, which is expected to land in
Queensland on Tuesday (28 March) as a major storm.
The insurer said claims in the current financial year had fully
eroded the A$460mn ($351mn) deductible on its A$300mn aggregate
reinsurance programme.
This means further natural catastrophe claims in the remainder
of the financial year to 30 June will fall to Suncorp's
reinsurers.
If losses from any single event surpass A$250mn, t