IAG has already eroded the deductible on its 2020 aggregate reinsurance cover six weeks into the year, after ceding around A$280mn ($189mn) of losses to reinsurers on the contract for 2019.
IAG aggregate reinsurers already on risk after early losses

IAG has already eroded the deductible on its 2020 aggregate reinsurance cover six weeks into the year, after ceding around A$280mn ($189mn) of losses to reinsurers on the contract for 2019.