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 programme.

Release calls for 2026 remain Nil.

Full details of the Club’s position is available in their Circular.

Tagged with: , , , , ,