IAG maintains cat reinsurance cover up to A$10bn ($7.2bn)
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IAG maintains cat reinsurance cover up to A$10bn ($7.2bn)

Liz Bury
06 January 2022
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IAG said it paid a mid-single digit rate increase to renew its catastrophe reinsurance cover with an exhaustion point of A$10bn ($7.2bn), in line with last year.

IAG is retaining the first A$250mn of each loss - again the same as in 2021 – but has a higher third-event retention in place for this year.

The

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Liz Bury
Editor, Insurance Insider ILS
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