A Bilbrough & Co, managers of the London P&I Club have announced a general increase of 5% on P&I and FD&D premium at the 2016 renewal. In addition, as per previous years, any change in the International Group reinsurance premium will be charged at cost to Members.

The Club is increasing deductibles by USD2000 this year, after the same increase for deductibles below USD15,000 last year.

The Club has confirmed there are no supplementary calls estimated for the open policy years, and the Release Calls have been updated as follows:

2016/7 – 15%

2015/6 – 15%

2014/5 – 12.5%

2013/4 – 5%

The circulars regarding the Board Meeting are available on the London Club’s website or directly here.