IAG claims A$95mn of aggregate reinsurance cover after floods
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

IAG claims A$95mn of aggregate reinsurance cover after floods

Fiona Robertson
09 March 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
iag_insurance_australia_group_sydney_logo_2022.png

IAG has used about A$95mn ($69mn) or 40% of its A$236mn aggregate reinsurance cover following recent flooding in Australia, it announced overnight.

The figures are net of the share that pro rata reinsurers take of its reinsurance treaties.

The insurer took A$74mn of net losses from the storm – lower than its prior estimated retention of A$95mn because previous claims had deteriorated...

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

NewsIAGClaims and losses
fiona robertson/fiona robertson ii ils.png
Fiona Robertson
Editor-in-Chief
Contact
Gift this article