Reinsurance 'tiering' broadened at 1.1: Guy Carp

Reinsurance buyers sought to broaden their panels in the January
renewals after taking a more concentrated approach to
"tiering" their relationships last year, according to
Nick Frankland, CEO of Guy Carpenter's European division.
In 2014, talk of "tiering" in the market was evident
through reinsurers maximising their relationships with the top six
reinsurers, before filling out their programmes with supplementary
capacity, he explained.
But now buyers are concerned that