IAG confirms $106mn aggregate reinsurance claim

IAG will recoup A$106mn ($81mn) from reinsurers on its aggregate
programme in 2016 as it reported total natural peril losses of
A$420mn for the six months ended 31 December.
The recovery confirms previous reports from sister publication
Trading Risk that IAG had told its reinsurers to expect a
significant claim for the calendar year 2016, after it made a
recovery of about A$130mn from the programme in 2015.
IAG's total half-year loss tally was A$80mn above the
insurer's allowance for...