IG faces challenging renewal on loss-hit $3.1bn reinsurance contract
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

IG faces challenging renewal on loss-hit $3.1bn reinsurance contract

Samuel Casey
28 June 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
IG P&I logo cargo ship.jpg

The International Group of P&I Clubs (IG) is gearing up for a highly challenging renewal of its $3.1bn reinsurance tower, following a disastrous spell of losses after the placement switched to a two-year deal in 2020.

The two-year period has been marred by a string of sky-high claims, which have driven the (re)insurers on the contract to a significant loss.

Multiple

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsMarineReinsurersMajor losses
sam casey 2024 ii red 2.png
Samuel Casey
Senior Reporter
Contact
Gift this article