IAG lifts core treaty attachment 50% as reinsurance expenses rise
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IAG lifts core treaty attachment 50% as reinsurance expenses rise

Liz Bury
09 January 2023
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IAG lifted the retention on its 2023 cat reinsurance programme significantly and has renewed quota shares with two of its three continental reinsurance partners, the carrier said in a stock exchange notice.

Its main treaty, which covers two events up to A$10bn ($6.87bn), now has an attachment point of A$500mn, double the A$250mn in 2022.

Quota

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RenewalsRe/insurersIAGNews
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