Tue, 02/28/2017 - 16:26
IAG will recoup A$106mn ($81mn) from reinsurers on its aggregate programme in 2016 as it reported total natural peril losses of A$420mn for the six months ended 31 December.
The recovery confirms previous reports from sister publication Trading Risk that IAG had told its reinsurers to expect a significant claim for the calendar year 2016, after it made a recovery of about A$130mn from the programme in 2015.
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