Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Climbing reinsurance costs force IAG to hike rates

October 26, 2022 Reprints

Insurance Australia Group Ltd. intends to increase premium rates across commercial, motor and home insurance lines to accommodate the high reinsurance costs, Reinsurance News reported. IAG performed well in the fiscal year 2022 and was back in black with $347 million in net profit after tax against a loss of $427 million in the previous year, but it expects higher reinsurance costs and inflationary pressures in 2023.

1. Nearly $8 billion lawsuit against Sony approved for trial
2. Sompo International posts underwriting income of nearly $341 million
3. Bulgaria’s watchdog probes SDI Group’s takeover by Acrisure
4. Toyota Financial Services suffers ransomware attack
5. Lloyd's of London to sign deal to remain in headquarters until 2040s
6. Dockworkers refuse to offload Tesla cars at Swedish ports

Help

Climbing reinsurance costs force IAG to hike rates

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources