Australian government to launch reinsurance pool for cyclone damage

Tony DowdingFebruary 8, 2022
The Entrance, NSW, Australia – March 22, 2021 The Entrance NSW 2261, Australia By Adam Marshal
Flooding at The Entrance, NSW, Australia – 22 March 2021. Credit: Shutterstock/Adam Marshal

A reinsurance pool for cyclone and related flood damage in Australia has been announced by the country’s government. The pool will be backed by a A$10bn annually reinstated Commonwealth guarantee and be administered by the Au...

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Tony DowdingFebruary 8, 2022
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