IG reinsurance set for reductions across programme

The reinsurance renewal for the International Group (IG) of
protection and indemnity clubs will include rate reductions across
all layers of the programme and on its excess war cover.
According to an update today from IG reinsurance subcommittee
chairman Paul Jennings, the timetable for the renewal has been
pushed forward by around a month as the group took advantage of
favourable marine treaty conditions and its longstanding
reinsurance panel relationship.
The programme, which incepts on 20 Feb