Reinsurers and brokers are gearing up to renew a dozen of the industry's largest catastrophe reinsurance programmes at 1 January.
The biggest placements will be Chartis and IAG, which have both inflicted losses on reinsurers in the last year.
Chartis purchased $3.5bn xs $3bn for 2011 to cover its US book, albeit with significant co-participations through the multiple Guy Carpenter-brokered $500mn layers.
Willis Re placed its smaller $500mn xs $250mn international programme that was burnt through by the Tohoku quake...
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