IAG engages reinsurance programme after gross flood losses of A$350mn+ Rachel Dalton 03 February 2023 Twitter LinkedIn Show more sharing options Share Close extra sharing options Twitter LinkedIn Copy Link URLCopied! Print Insurance Australia Group (IAG) is to take a maximum event retention of A$236mn ($167mn) from the Auckland flooding event, with gross losses expected to be in excess of A$350mn. To unlock this article Register for a free 14 day trial Already a subscriber? Login now