IAG reports A$120mn in H1 natural catastrophe claims
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

IAG reports A$120mn in H1 natural catastrophe claims

Aisling Finn
11 October 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
iag_logo_2022_sydney.png

IAG’s claim costs over the first half of its financial year were “more than we expected”, managing director and CEO Nick Hawkins told investors at the carrier’s AGM.

The carrier recorded natural-peril costs of around A$120mn ($77.1mn) for the period to the end of September.

It said this figure included $47mn in additional claims from events in full-year 2023, primarily from the Hunter Hailstorm.

Despite

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? Log in now

Topics

NewsAIG
aisling finn/aisling finn ii ils.png
Aisling Finn
Contact
Gift this article