IAG pegs net flooding loss at A$135mn
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Insurance Insider ILS is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

IAG pegs net flooding loss at A$135mn

Flood waters, Northern New South Wales, Australia

Insurance Australia Group (IAG) has estimated the cost of this month’s severe flooding in Queensland and New South Wales (NSW) so far at A$135mn ($103mn), net of its quota-share reinsurance arrangements.

The carrier cedes 32.5% of its consolidated business to reinsurers. Of this, 20% is ceded to Berkshire Hathaway in a 10-year deal that began in 2015.

The

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article