Market leader Catlin has the largest share among Lloyd's players of the $550mn gross open market exposures relating to the reinsurance programme of the International Group (IG) of protection and indemnity (P&I) clubs, The Insurance Insider can reveal.
The revelation follows heavily increased loss estimates for the two major P&I claims falling on the IG programme in the past year: the loss of the Rena container ship in New Zealand last year and January's Costa Concordia disaster.
Markets with a...
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