Individual club retention increases to $9 million at 20 February 2013
- Date: 16/11/2012
Following consideration within the International Group Reinsurance subcommittee, the Group has agreed that the individual club retention which was last increased from US$ 7 million to US$ 8 million with effect from the 2010 policy year will be increased to US$ 9 million with effect from 20 February 2013.
The UK Club welcomes the increased retention level to $9 million. It has long supported a significant level of risk retention by individual clubs.
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