PV insurers narrow reinsurance gaps, but challenges remain after 1.1
The political violence (PV) market has found itself in a much better position following this year’s 1 January renewal compared to last year, after the gap between inwards and outwards coverage narrowed, however, key market players canvassed by this publication said there is still a distance to go on controlling exposures and reshaping reinsurance.
Following last year’s tricky 1 January renewal, in which reinsurers tightened coverage, rates increased and insurers ran far more of their risk net than they had previously, this year’s January renewal was not looking promising.
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