International Group agrees 7.5% layer one reduction on $3.1bn reinsurance tower
  • 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

International Group agrees 7.5% layer one reduction on $3.1bn reinsurance tower

Samuel Casey
15 November 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
international group p&i ig pi cargo marine.jpg

The International Group of P&I Clubs (IG) has secured a 7.5% rate reduction on the first layer of its $3.1bn reinsurance tower, despite ongoing hard market conditions in the wider reinsurance market, this publication can reveal.  

The rate reduction applies to the $650mn layer of coverage, excess $100mn, with the upper layers of the programme anticipated to renew with pricing and structure unchanged.

Axa

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsMarineMillerAonAxa XL
sam casey/sam casey ii red.png
Samuel Casey
Senior Reporter
Contact
Gift this article