News Asia08 Jan 2021

Australia:IAG's COVID-19-related BI loss estimated at US$891m

| 08 Jan 2021

One of Australia's biggest insurers, Insurance Australia Group (IAG), will take an A$1.15bn ($891m) hit to earnings before tax in its half-year (1 July to 31 December 2020) results, as it prepares for a potential flood of pandemic-related business interruption claims, according to a statement released by the company.

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