Within the retro market, industry loss warranty (ILW) rates have been pared back to the point that many non-US contracts are now being quoted below expected loss cost using RMS-modelled figures, various market participants said.
Within the retro market, industry loss warranty (ILW) rates have been pared back to the point that many non-US contracts are now being quoted below expected loss cost using RMS-modelled figures, various market participants said.