Allianz seeks to pile Oz flood losses into single-event reinsurance claim
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

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

Fiona Robertson
07 June 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
allianz_flood_2022_logo_oz_australia.png

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...

Subscribers, log in here:

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
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Allianz Claims and losses Catastrophe losses
fiona robertson/fiona robertson ii ils.png
Fiona Robertson
Editor-in-Chief
Contact
Gift this article