July 7 (Reuters) - Insurance Australia Group Ltd (IAG) :
- IAG PROVIDES REINSURANCE UPDATE
- CONFIRMED RENEWAL OF ITS 2.5% WHOLE-OF-ACCOUNT QUOTA SHARE ARRANGEMENT WITH HANNOVER RE
- CONFIRMED RENEWAL OF ITS 2.5% WHOLE-OF-ACCOUNT QUOTA SHARE ARRANGEMENT WITH HANNOVER RE THAT WAS DUE TO EXPIRE ON 30 JUNE
- NEW ARRANGEMENT IS EFFECTIVE FROM 1 JULY 2023 AND HAS A TERM OF FIVE YEARS
- ANNOUNCED HAS PURCHASED AGGREGATE AND THIRD/FOURTH EVENT REINSURANCE COVERS FOR FINANCIAL YEAR ENDING 30 JUNE 2024
- PROVIDES PROTECTION OF A$250 MILLION IN EXCESS OF A$600 MILLION
- AFTER ALLOWING FOR QUOTA SHARE ARRANGEMENTS, IAG HAS A MAXIMUM EVENT RETENTION OF A$169 MILLION FOR A FIRST AND SECOND EVENT
- FOR FY24 THIRD AND FOURTH EVENT FINANCIAL YEAR OCCURRENCE COVERS PURCHASED FOR A$150 MILLION OF PROTECTION FOR EVENTS OVER A$200 MILLION
News: IAG Insurance Australia Group Provides Reinsurance Update
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Last
$8.69 |
Change
-0.080(0.91%) |
Mkt cap ! $20.44B | |||
| Open | High | Low | Value | Volume |
| $8.71 | $8.72 | $8.62 | $4.482M | 517.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3692 | $8.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.70 | 2384 | 16 |
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| Last trade - 11.18am 01/08/2025 (20 minute delay) ? |
| IAG (ASX) Chart |