** Macquarie says Australia's insurance industry's repricing of new policies have peaked
** Says prices in Dec-qtr rose 8.2% vs Sept-qtr due to a peak in small business insurance pricing
** Says will proceed with caution on home insurers as tail of peak repricing has helped margins, profits
** Rates Insurance Australia IAG.AX "outperform"; Suncorp SUN.AX "neutral"
** IAG off 0.1%; Suncorp adds 0.6%
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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