IAG maintains $10bn cat reinsurance but increases first event retention

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Reinsurance News - Jan 09, 2023

Australian insurer IAG has completed its 2023 catastrophe reinsurance renewal, maintaining a flat gross protection cover at up to $10 billion, same as in 2022; its first event retention was increased “reflecting inflation and the global reinsurance market impacts”. The main cover provides gross prot...

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