IAG explores new quota share arrangements

Insurance Australia Group Ltd. plans to continue making greater use of reinsurance capital, with the insurer exploring new quota share arrangements with its counterparties, even as its aggregate layer of protection continues to be eroded, Artemis.bm reports. The insurer has made capital optimization one of its core strategic goals, with greater use of reinsurance capital seen as a way to increase the diversification of its capital sources and to reduce the reliance on its own equity capital.

Read more.