Cat losses erode $250m of IAG’s aggregate reinsurance deductible

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Reinsurance News - Feb 16, 2024

Australian insurer IAG has revealed loss activity in H1 of the fiscal year (FY) 2024 eroded the retention layer beneath its aggregate reinsurance treaty by $250 million. According to the firm, natural peril and catastrophe losses cost the company $521 million in H1 of the FY, with the biggest contri...

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