Latitude Brokers

Britannia P&I Club quash GI from 2020

As Britannia is opening the round of P&I announcements for 2020/21 renewals, the Club has decided to follow in the footstep of Skuld and to not seek General Increase across their membership anymore, starting from 20 February 2020 for both P&I and FD&D. Rates will be reviewed and adjusted based on each Member’s individual record only, with any adjustment in ...

Joint War Committee updates War Listed Areas on 17 May 2019

One week after the reported attacks against 4 vessels in the Gulf of Oman, the Joint War Committee in London has updated the War Listed Areas to JWLA-024 17 May 2019 – applicable to Hull War, Piracy, Terrorism and Related Perils. The additions to the existing Listed Areas are: Oman UAE Arabian or Persian Gulf West of 58 deg East Saudi ...

US Government partial shutdown disrupts COFR applications and renewals

SIGCo, one of the largest COFR guaranty providers, for vessels calling the US, have just released the attached Circular advising all COFR Members of severe disruption of operations at the US Coast Guards and the National Pollution Funds Centre, with applications not being processed any more at present. We recommend that all operators planning on renewing or applying for new COFR ...

Festive Christmas drinks for a good cause, with the West of England

Continuing for the 4th year with what is now an industry tradition, West of England and Latitude Brokers hosted festive drinks with industry partners to raise funds in support of Feeding Hong Kong. P&I Clubs, lawyers, surveyors, brokers gathered in a casual and friendly spirit on 13 December around the West of England’s Christmas tree, to share a glass or ...

At a Glance – 2019/20 P&I General Increase

The following is solely 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 or use for real time data comparison: American Club – 0% for ...

The Swedish Club announces Nil General Increase for 2019 renewal

The Club’s board anticipates the current underwriting year to be in balance and therefore to continue supporting their Members, they have advised that no general increase will be sought for 2019 P&I renewal. They want to ensure however that premiums are commensurate with exposure, and therefore Members’ premium will be adjusted according to individual exposure. The Club’s release calls remain ...

Shipowners P&I Club announces Nil General Increase for 2019

The Shipowners P&I Club will rely on its strong financial position to subsidize the anticipated small Underwriting deficit for 2018, and therefore no General Increase will be applied for 2019 renewal. In addition, as per usual the Club will absorb any change to the costs of the GXL programme. At present the Club does not charge release calls. The Club’s ...

Skuld renewal update 2019/20

Pursuing from their position since 2011, Skuld is not applying General Increase anymore, and renewal terms for 2019 will be solely based on individual Members’ records and performance. The Club is not changing their standard deductibles. Release calls are set as follows: 2016/17: 3% 2017/18: 7.5% 2018/19: 15% 2019/20: 15% Full details of Skuld renewal update is available in their ...

American Club announces nil General Increase for 2019

The American P&I Club has announced that no General Increase will apply to both P&I and FDD classes at the upcoming renewal, citing the need to be sympathetic towards shipowners who continue to be faced by a challenging shipping market, coupled with a favourable development with respect to the club’s claims in the current year. There will be no deductible ...

Gard announces nil General increase for 2019

Gard has announced there will be no General Increase for both P&I and FD&D entries at 20th February 2019. There will be no change in deductibles for either class. The management has pointed to a continued, stable claims environment and an improvement in Gard’s back year claims as the reasons behind its decision, notwithstanding its free reserves have also risen ...