IAG books A$521mn H1 losses, erodes agg deductible by A$250mn
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IAG books A$521mn H1 losses, erodes agg deductible by A$250mn

The Australian carrier has a full-year natural peril budget of A$1.09bn.

By Rachel Dalton
February 16, 2024
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Australian insurer IAG has disclosed A$521mn ($340mn) in net cat losses during its fiscal first half, eroding the deductible on its aggregate cover by around A$250mn or around 42%.

The

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