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International

IAG issues first cat bond under Singapore's ILS regime

February 27, 2019 Reprints

Insurance Australia Group Ltd. has issued its first catastrophe bond worth $75 million Australia ($54 million) and the first to be issued in Singapore under the country's Special Purpose Reinsurance Vehicle regulations, Artemis.bm reports. The cat bond covers a part of IAG's catastrophe aggregate reinsurance program for Australia across a three-year term.

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IAG issues first cat bond under Singapore's ILS regime

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