Sydney hailstorms erode aggregate reinsurance deductibles
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Sydney hailstorms erode aggregate reinsurance deductibles

sydney-opera-house-is-situated-in-central-business-district-surrounded-by-the-harbour-and-the-circular-quay.jpg

A major Sydney hailstorm will add to aggregate loss tallies for IAG and Suncorp.

IAG said the trigger on its aggregate reinsurance programme would be reached after a major Sydney hailstorm this week.

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