International Group: 'favourable' renewal terms obtained

The International Group (IG) of protection and indemnity clubs
has told its members that it was able to "achieve favourable
reinsurance renewal terms", according to a circular seen by
The Insurance Insider.
This publication revealed yesterday (14 January) that the
premium-heavy bottom layer of the IG's reinsurance programme
was set to renew with a rate reduction.
The reduction could be seen as anywhere between low
single-digits and 15 percent depending on the way that the
restructu