Suncorp's NZ reinsurance recoveries approach A$1bn

Suncorp posted A$908mn ($692mn) in reinsurance and other recoveries
for its New Zealand operations in the half-year to 31 December.
The Australian insurance giant reported A$1.26bn of claims
within its New Zealand operations for the half-year - almost triple
the figure reported in the same period of the previous year.
The leap in claims pulled down the New Zealand division's
profit to A$36mn from A$78mn.
Suncorp's reinsurance and other recoveries reduced its net
claims to A$354mn. This was up fr