SYDNEY, Feb 12 (Reuters) - Australian insurer Suncorp-Metway Ltd said on Thursday it expected the cost of Australia's recent fires and floods to be around A$180 million ($117 million).
Australia's second-biggest car and home insurer and fifth largest bank said its aggregate reinsurance arrangements would be triggered.
The figure is net of reinsurance recoveries.
(Reporting by Mette Fraende) ($1=1.533 Australian Dollar) Keywords: SUNCORP/ (mette.fraende@reuters.com; +612-9373-1815; Reuters Messaging mette.fraende.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Australia's second-biggest car and home insurer and fifth largest bank said its aggregate reinsurance arrangements would be triggered.
The figure is net of reinsurance recoveries.
(Reporting by Mette Fraende) ($1=1.533 Australian Dollar) Keywords: SUNCORP/ (mette.fraende@reuters.com; +612-9373-1815; Reuters Messaging mette.fraende.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.