Late October storms reach first layer of IAG’s reinsurance treaty
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Late October storms reach first layer of IAG’s reinsurance treaty

Fiona Robertson
02 November 2021
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IAG said net cat losses from late October hailstorms would reach the A$169mn ($127mn) trigger for its occurrence reinsurance programme, as it revised up projected cat losses for the year.

The insurer also said catastrophe losses have reached 77% of the way to triggering its aggregate reinsurance cover for its fiscal year 2022, which runs until 30 June 2022.

The

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News Claims and losses Reinsurers
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