Wed, 02/22/2017 - 09:40
IAG confirmed that it would benefit from A$106mn ($81mn) of reinsurance protection from its aggregate covers, as it reported total natural peril losses of A$420mn for the six months ended 31 December.
The total loss tally was A$80mn above the insurer's allowance for natural perils claims in the half-year and included A$117mn of claims from the Kaikoura earthquake that struck New Zealand in November, as well as $A86mn from storms in Adelaide and New Zealand.
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