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home / news releases / HVRRF - Insurance Australia Group Made A$90 Million Aggregate Reinsurance Recovery In 2020

HVRRF - Insurance Australia Group Made A$90 Million Aggregate Reinsurance Recovery In 2020

Hannover Ruckvrschng Shs
  • IAG had already fully eroded its deductible for the calendar year catastrophe aggregate reinsurance protection it had in place for 2020 by the end of June.
  • The A$90 million of recoveries came largely after the second-half of 2020 impacts of A$290 million of catastrophe losses.
  • The insurer has now adjusted the timing of its aggregate reinsurance, choosing to run it alongside its financial year and having renewed it at the middle of 2020, along with some stop loss protection.

For further details see:

Insurance Australia Group Made A$90 Million Aggregate Reinsurance Recovery In 2020
Stock Information
Company Name: Hannover Ruckvrschng Shs
Stock Symbol: HVRRF
Market: OTC
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