** Australian insurer Suncorp's SUN.AX shares narrow declines to 1.7% at A$19.34, after falling 2.7% earlier
** Co announces that it is preparing for Tropical Cyclone Alfred to make landfall later this week in Australia
** Says the government's Cyclone Reinsurance Pool provides cover for damages, and highlights its own reinsurance program for large weather events
** Says its main catastrophe cover provides protection of up to A$6.75 billion ($4.19 billion) with a full reinstatement in place
** Stock is up 1.9% this year
($1 = 1.6095 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
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