Latest news with #SteveJohnston
AU Financial Review
15-07-2025
- Business
- AU Financial Review
Suncorp and IAG's disaster profits come at taxpayer expense
There's been a flood of good news for investors in Australia's major listed insurers. Insurance Australia Group (IAG) and Suncorp got off very lightly from the impact of ex-tropical Cyclone Alfred, which delayed the federal election but did far less damage than feared. But therein lies the rub. Those citizens reeling from the impact of major disasters wouldn't like to see insurers crowing about their money-making. Celebrations of full-year profit figures will be muted. Meanwhile, industry lobby group the Insurance Council of Australia – chaired by Suncorp chief Steve Johnston – is doing what it can to smooth things along.
AU Financial Review
21-04-2025
- Climate
- AU Financial Review
Stormy weather: the reasons why your insurance is going up
As Tropical Cyclone Alfred hovered ominously off the Queensland coast during the first week of March, Suncorp chief executive Steve Johnston was thinking: could this be the big one? At the insurer's disaster management centre on level 24 of the Heritage Lanes building in Brisbane's CBD, his team knew this was no ordinary storm. Since emerging in the Coral Sea, Alfred was moving away from the tropics; Johnston was watching it head towards the 4 million people living in south-east Queensland.
