The news: Insurer IAG has confirmed full-year profit guidance after negotiating agreements with global reinsurers to limit future costs.
The numbers: IAG confirmed it is on track for FY24 reported insurance profit to be near the upper end of the $1.2 billion to $1.45 billion guidance range, while its reported insurance margin is likely to be around the upper end of the 13.5% to 15.5% guidance range.
The company entered into a five-year natural perils reinsurance agreement with a unit of…
