IAG joins Federal Government cyclone reinsurance pool
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IAG joins Federal Government cyclone reinsurance pool

Samuel Casey
13 November 2023
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Australian insurer IAG has joined the Federal Government’s cyclone reinsurance pool as it looks to reduce premiums for policyholders in cyclone-prone areas.

The pool is backed by a A$10bn ($6.4bn) government guarantee and commenced operations in July 2022, with a view to reducing premiums in territories including Queensland, Northern Territory and Western Australia.

IAG

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Samuel Casey
Senior Reporter
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