Dec 8 (Reuters) - Insurance Australia Group Ltd IAG.AX said on Friday that it had entered agreements to share its premiums with reinsurers Munich Re MUVGn.DE , Swiss Re SRENH.S and Hannover Re HNRGn.DE .
Under the agreement, the reinsurers will receive a combined 12.5 percent of the company's consolidated gross earned premium and pay 12.5 percent of claims and expenses, Insurance Australia said in a statement.