Allianz seeks to pile Oz flood losses into single-event reinsurance claim
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Allianz seeks to pile Oz flood losses into single-event reinsurance claim

Fiona Robertson
07 June 2022
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Allianz is seeking to claim its Australian flood losses as a single loss event under its local reinsurance tower, sources have said, as the major disaster will be a focus in discussions for the 1 July renewals now getting underway.

The firm has $800mn in losses from the disaster, sources noted. In contrast to other local insurers, which are treating the floods as separate events, Allianz is seeking to take just one retention and push through the losses as...

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NewsAllianzClaims and losses
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