IG invites brokers to tender for reinsurance programme

Brokers have been invited to express their interest to tender for the International Group of P&I club’s $3bn reinsurance programme.

Brokers have until March 28th to submit an initial credentials document.

IG P&I said that the tendering would be a two-stage process. Once initial credential statements were submitted and reviewed, a shortlist would be drawn up, with successful applicants invited to participate in a more detailed scoping and tender exercise.

The programme had been placed by Miller Insurance Services since 1951, but is now being put out to tender for the year commencing February 20th 2019. Contact IGtender@moorestephens.com for further documentation.