Johns Lyng Group signs deal with Suncorp

Company News

by Rachael Jones

Building services company the Johns Lyng Group (ASX:JLG) has entered into an exclusive Master Services Agreement with Suncorp Group (ASX:SUN), for them to facilitate all domestic property repairs for insurance claims estimated at greater than $100,000.

The Agreement is for a minimum two-year term, with provision for a further third.

It follows a successful trial period conducted earlier this year, and covers both business-as-usual claims, and claims made during peak events such as storms and floods.

The company has also signed a new contract with Yarra Ranges City Council in Melbourne, for a $26 million redevelopment of the Yarra Ranges Civic Centre.

Shares in Johns Lyng Group (ASX:JLG) are up 12.88 per cent to $0.92.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.