News: International Group reinsurance renewal update January 2016

The arrangements for the renewal of the International Group General Excess of Loss reinsurance contract and the Hydra reinsurance programmes for 2016/17 have now been finalized.

The individual club retention will increase with effect from 20 February 2016 to US $10 million, and the attachment point on the GXL contract will remain unchanged, at US $80 million, for the 2016/17 policy year.

The loss experience of the reinsurance programme on the 2012/13, 2013/14, 2014/15 and 2015