Reinsurer's ratings affirmed as net profit surges, but managing volatility of expanding overseas business and non-voluntary cessions remains key, says Fitch.
AU$855m (US$555m) deal includes a 25-year distribution agreement, with an option for IAG to purchase the remaining 10% underwriting business in two years.
The new centre uses technology and collaborative insights in efforts to enhance disaster preparedness and customer support across Australia and New Zealand.
Premiums increased 4.8% according to preliminary data from the FSS, but regulator notes concerns over global market uncertainties and potential losses from real estate project financing.
