The carrier buys a main cat programme on a calendar year basis, which provides coverage for two events up to A$10bn ($6.6bn)
IAG lifts retention on third and fourth event aggregate protection
![iag_insurance_australia_group_sydney_logo_2022.png](https://assets.euromoneydigital.com/dims4/default/011d8d9/2147483647/strip/true/crop/700x410+0+0/resize/840x492!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F10%2Fe7%2Fceed53314ced96c9956f3a46302d%2Fiag-insurance-australia-group-sydney-logo-2022.png)
The carrier buys a main cat programme on a calendar year basis, which provides coverage for two events up to A$10bn ($6.6bn)