July 1 (Reuters) - Suncorp Group Ltd SUN.AX :
* FY21 NATURAL HAZARD ALLOWANCE IS EXPECTED TO INCREASE BY $90 MILLION TO $130 MILLION
* COVID-19 IMPACT ON GROUP FY20 P&L EXPECTED TO BE BROADLY NEUTRAL, EXCLUDING INVESTMENT MARKET MOVEMENTS AND BANK IMPAIRMENT LOSSES
* FY21 NATURAL HAZARD ALLOWANCE IS EXPECTED TO INCREASE BY $90 MILLION TO $130 MILLION
* ANNOUNCES APPOINTMENT OF NEW BANKING & WEALTH CEO, CLIVE VAN HOREN
* FY21 MAIN CATASTROPHE REINSURANCE PROGRAM FINALISED WITH SIMILAR STRUCTURE TO PREVIOUS YEARS
* CEO INSURANCE (AUSTRALIA), GARY DRANSFIELD, WILL LEAVE SUNCORP
* FY20 UPPER LIMIT ON MAIN CATASTROPHE PROGRAM IS $6.5 BILLION
* LISA HARRISON APPOINTED CHIEF EXECUTIVE OFFICER INSURANCE PRODUCT & PORTFOLIO
* TO COMBINE NUMBER OF INSURANCE (AUSTRALIA) AND GROUP FUNCTIONS TO CREATE MORE STREAMLINED ORGANISATION
* SUNCORP NEW ZEALAND CFO JIMMY HIGGINS WILL LEAD SUNCORP NEW ZEALAND BUSINESS IN ACTING CAPACITY