IAG to purchase additional quota share protection

IAG is exploring additional reinsurance quota share
opportunities with its counterparties, after net claims for the
full-year 2017 surpassed its budget by A$142mn ($112.5mn).
The Australian carrier will look to purchase further quota share
protection to strengthen its regulatory capital position, the firm
said in its full-year results disclosures today.
This quota share buying would be in addition and separate to the
additional A$1bn of cat cover it purchased at the 1 June renewals,
which sits a