IAG secures 2025 reinsurance program

IAG has finalized its catastrophe reinsurance program for 2025, providing coverage for two major events up to $10 billion, with a $500 million attachment point. Complementing its whole-of-account quota share arrangements, the program includes additional natural perils volatility protection, offering up to $1 billion annually and $4 billion over five years for events below $500 million.

This reinsurance placement, supported by strong partner backing, aligns with IAG’s strategy to manage natural peril costs and maintain financial stability. The company will report its half-year financial results on February 13, 2025.

“IAG received strong support from reinsurance partners in placing the annual catastrophe program.” – IAG Chief Financial Officer William McDonnell.