Tiering boosts major players at 1.1

Despite the rating bloodbath at the 1 January renewals, there was
some respite for second-tier global reinsurers, which may now see
more business as cedants look to manage their counterparty credit
exposure, senior broking executives have explained.
The brokers revealed that the desire for diversification had
grown by the 2015 renewals, and with it, so did the size of the
panels sought by insurers.
At last year's 1 January renewals, the tiering trend meant
the lion's share of business fe