IAG to create A$865mn provision after Australian Covid-BI ruling
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

IAG to create A$865mn provision after Australian Covid-BI ruling

Rachel Dalton
20 November 2020
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

Insurance Australia Group (IAG) plans to recognise an A$865mn ($621mn) post-tax provision for BI and raise A$750mn in new equity capital after an Australian court ruled in favour of policyholders in a Covid-19 business interruption (BI) test case earlier...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsIAGQBESuncorpBusiness interruption
rachel dalton/rachel dalton ii ils.png
Rachel Dalton
Lead Reporter
Contact
Gift this article