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25 February 2018

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India’s Reliance secures $4.7bn cat limit for Jamnagar refinery

Charlie Thomas and Marcus Alcock 29 January 2018

One of the largest ever Indian petrochemical reinsurance policies has been placed in the London market, after Reliance Industries increased the production capacity of the world's largest refinery complex, The Insurance Insider understands.

The conglomerate has bought $4.7bn of downstream nat cat limit for its refinery and petrochemical plants at Jamnagar.

The placement has become one of the most eagerly anticipated renewals for the facultative market, with local reports suggesting the limit has risen by 33 percent from the previous...

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