Chartis to cut 25% off reinsurance spend
American International Group (AIG)'s P&C insurer Chartis is to cut its reinsurance purchasing by up to 25 percent in 2012 across both treaty and facultative programmes, sister title Inside FAC revealed today (11 June).
This is the first time a premium figure has been put on the reinsurance restructure seen at 1 January - including the reductions in exposure that it has forced through over the last two years.
As previously reported by The Insurance Insider, Chartis effectively renewed its...
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