As the 20 February protection and indemnity (P&I) renewal deadline approaches, increases in the International Group (IG)'s P&I pricing have filtered through to terms for the aggregate retro cover that protects its captive Hydra, The Insurance Insider has learned.
The restructured and re-priced 2013/14 placement, which has now completed, saw Hydra increase its participation on the loss-hit first $500mn excess layer from 25 percent at expiry to 30 percent.
The captive then buys a retro protection to cover a $2bn...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.