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 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.