Latitude Brokers

At 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 ...

Britannia targets 5% increase and return USD15 million in capital distribution

The Board has decided that entries will be reviewed and rates individually based on their risk profile, with a target of 5% minimum increase in rate on P&I and FD&D entries. Any changes to the costs of the IG reinsurance programme will be passed on to Members. In addition, a 10% increase will be applied on all P&I deductibles below ...

Japan P&I Club announces 5% General Increase for 2026

In consideration to the inflationary costs of claims and the burden of the increasing pool claims, the Club has decided to apply a 5% General Increase on Owners mutual entries for P&I and FD&D at 2026 renewals. In addition all deductibles below USD50,000 will be increased by 10% subject to a minimum of USD1,000, and the standard deductibles level is ...

Swedish Club announces 5% General Increase for 2026

In response to upwards pressure on claims costs, notwithstanding limited impact of Pool claims on the Club, the Board has decided to apply a 5% General Increase for 2026 renewal. 2026 premium will also be adjusted as per changes to the IG’s reinsurance costs. In addition, from 2026 deductibles will be applicable to legal costs and expenses, and the standard ...

American P&I Club targets 8% increase overall for 2026

Whilst the Club has been focusing on Member-specific approach in the recent years, the Board of Directors has mandated an overall target increase of 8% across all mutual classes for 2026 in order to face inflationary pressure on claims and volatility of large claims at Pool level. In addition, all deductibles equal or below USD25,000 per claim will be increased ...

West of England announce 5% General Increase for 2026/27

West, like many other Clubs, have highlighted that whilst their own claims for the 2025/26 policy year are within their initial forecast, the incurred cost of the 2025/26 International Group pool claims is very high at this stage of the year. This follows hot on the heels of the 2024/25 policy year which has the highest incurred cost of any ...

Skuld is targeting a 7.5% overall adjustment on premiums for 2026

In the face of retained claims quantum inflation, and increased costs of pool claims, the Club’s board will seek to address the insufficient premium level to cater for the risks covered by the Clubs. Whilst the Club will review each member’s performance and rating individually, they will seek to secure an overall adjustment of 7.5% on premiums for 2026. In ...

NorthStandard announce a 5% General Increase for 2026/27 policy year

When compared to the 2024/25 policy year, the Club have seen a more benign period for their retained claims in 2025/26 to date. The Club did reiterate the point made by other Clubs that the number and value of pool claims remain high, albeit slightly lower than the previous policy year at the same point. As a result the expected ...

Gard will levy an average 5% premium increase for 2026 and confirms 10% OGD

The Club will return 10% of Estimated Total Call to Owners renewing with Gard for the 2026 policy year. However in view of inflation and claims costs, and the need to maintain stability of in the portfolio, the Board has decided that an average 5% premium increase should be levied on ETC for 2026 renewal. Individual assessments will be made ...

UK P&I Club sets General Increase at 7.5% for 2026 renewal

UK P&I Club sets General Increase at 7.5% for 2026 renewal The reported pool claims so far in the current Underwriting year are pointing towards a challenging pool year, whilst quantum of attritional claims continue to rise. On this basis the Club’s Board has decided to seek a 7.5% General increase on P&I for 2026 renewal, together with a 10% ...