IAG insurance australia group limited
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News: IAG Insurance Australia Group Finalises Its 2022 Catastrophe Reinsurance Program

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    06/01/22
    11:45
    Post #: 58677782

    Jan 6 (Reuters) - Insurance Australia Group Ltd (IAG) :

    • FINALISES ITS 2022 CATASTROPHE REINSURANCE PROGRAM
    • MAINTAINING ITS GROSS REINSURANCE PROTECTION COVER AT UP TO A$10 BILLION FOR 2022
    • IAG RETAINING FIRST A$250 MILLION OF EACH LOSS
    • SECOND AND THIRD EVENT DROP-DOWN COVERS OF A$50 MILLION, REDUCING COST OF THESE EVENTS TO A$200 MILLION FOR 2022
    • COST OF PROGRAM HAS INCREASED BY MID-SINGLE DIGITS FOR 2022
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