International Group announce 2026/27 GXL rises – Container ship operators only to face increase
The International Group have announced the finalised Group Excess of Loss (GXL) reinsurance structure and pricing for the 2026/27 policy year. The structure of the programme remains unchanged from the 2025/26 policy year but the ratings have reduced across the board, apart for container ships which is the only category to face an increase, whilst rate for clean tankers remain ...
Continue ReadingAt a glance – 2026/2027 P&I Renewals
Unless specifically mentioned the following is in respect of the Mutual P&I entries and excludes FD&D, fixed premium entries and Charterer’s liability. The headline General Increase numbers are as follows and will be updated as each Club announces – click on each Club’s link to see the full GI announcement. GXL (reinsurance) rate changes are passed on to Members unless ...
Continue ReadingNorthStandard Strike & Delay Class declares 5% increase for 2026
The Club remains in a robust financial position, and will continue to take a prudent approach in a volatile risk environment, with a 5% increase on rates for 2026. Release Calls: 2025/26: 10% 2027/25: 5% Full details are available in the Club’s Circular.
Continue ReadingNorthStandard Coastal and Inland Club announces 5% increase for 2026
The Coastal and Inland Club has decided to impose 5% increase in premium rates for the 2026 renewal on Mutual and Fixed P&I Premiums to address inflationary pressures on claims. In addition all deductibles will be increased by 10% or USD1,000 whichever is greater. The Club will continue to absorb any changes in the cost of the IG GXL reinsurance ...
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