RenRe, Nephila scale back retro UNL purchasing amid capacity crunch
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RenRe, Nephila scale back retro UNL purchasing amid capacity crunch

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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.

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