Insurance Post

Suncorp's CEO cites climate change as half year insurance profits fall 29%

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Michael Cameron, CEO of Queensland based financial services group Suncorp, said a record run of natural disasters were hampering the company's performance.

A string of natural disasters in Australia and New Zealand contributed to a profit fall of 16% for the half year (to December 2015) to A$530m (£258m). General insurance profits fell 29% to A$297m from

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