IAG issues first cat bond under Singapore's ILS regime
Posted On: Feb. 27, 2019 6:05 AM CSTInsurance 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.