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

Samuel Casey
28 June 2021
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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

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News Marine Reinsurers Claims and losses
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Samuel Casey
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