RenaissanceRe scaled back its mid-year retrocession purchasing while Nephila did not renew its ultimate net loss (UNL) programme, in a further indication that the tertiary market has seized up, sources told Insurance Insider.
RenaissanceRe scaled back its mid-year retrocession purchasing while Nephila did not renew its ultimate net loss (UNL) programme, in a further indication that the tertiary market has seized up, sources told Insurance Insider.