Suncorp NZ's CEO Smeaton 'still quite positive' on moderating economic growth

Thu, 09 Aug 2018

By Paul McBeth Aug. 10 (BusinessDesk) - Suncorp New Zealand will manage its costs more closely in the coming year as the insurer thinks deeply about its pricing, although chief executive Paul Smeaton is still upbeat about the expected moderation in economic growth. The local unit of Brisbane-based Suncorp Group lifted annual profit 70 percent to $148 million in the June 2018 year, bolstered in part by raising premium prices in response to higher reinsurance costs and attracting new customers. The insurer, whose brands include Vero Insura...

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