IAG engages reinsurance programme after gross flood losses of A$350mn+ Rachel Dalton 03 February 2023 Twitter LinkedIn Email Show more sharing options Share Close extra sharing options Twitter LinkedIn Email Copy Link URLCopied! Print Insurance Australia Group (IAG) is to take a maximum event retention of A$236mn ($167mn) from the Auckland flooding event, with gross losses expected to be in excess of A$350mn. To unlock this article Register for a free 14 day trial Already a subscriber? Login now