IAG said catastrophe losses have eroded just over half the deductible on its A$475mn calendar-year aggregate cover, after it exhausted an A$150mn fiscal aggregate stop-loss reinsurance cover in the year to 30 June.
IAG said catastrophe losses have eroded just over half the deductible on its A$475mn calendar-year aggregate cover, after it exhausted an A$150mn fiscal aggregate stop-loss reinsurance cover in the year to 30 June.