IAG increases its 2019 catastrophe cover

Australian insurance group IAG has finalised its catastrophe reinsurance programme for the 2019 calendar year, with a programme that provides increased gross reinsurance protection of up to AUD9bn, compared with AUD8bn in 2018. Consistent with last year, the programme has been placed to the extent of 67.5% to reflect the cumulative whole-of-account quota share position of 32.5%. This comprises the…

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