Sun, 02/18/2018 - 16:39
nsurance Australia Group (IAG) has benefited from its aggregate reinsurance in the first-half of its financial year, with a $120 million recovery from its reinsurers helping to reduce volatility from catastrophe losses.
IAG said this morning that its net natural peril claims costs came in at $262 million, which is $78 million below its budget for the first-half of its 2018 financial year.
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