March 22 (Reuters) - Suncorp Group Ltd SUN.AX :
* HAS A COMPREHENSIVE REINSURANCE PROGRAM IN PLACE FOR FY21
* SUNCORP'S FY21 NATURAL HAZARD ALLOWANCE IS $950 MILLION
* AS AT 22 MARCH, SUNCORP RECEIVED AROUND 1,300 CLAIMS WITH OVER 1-IN-5 RECEIVED ONLINE
* CLAIMS NUMBERS ARE EXPECTED TO RISE OVER COMING DAYS.
* MAIN CATASTROPHE PROGRAM HAS A MAXIMUM FIRST EVENT RETENTION OF $250 MILLION
* ADVISED THAT IT WAS TOO EARLY TO ACCURATELY ESTIMATE ULTIMATE NUMBER OF CLAIMS IT EXPECTS TO RECEIVE
* AS OF 28 FEBRUARY 2021 SUNCORP'S TOTAL NATURAL HAZARD COSTS ACROSS AUSTRALIA AND NEW ZEALAND WERE $643 MILLION