The Standard Club, including Standard Asia and Standard Europe, has announced a 2.5% General Increase for the 2016 P&I with no General Increase for FD&D with changes in the International Group Reinsurance costs being passed on.

Deductibles will be increased by 10% with those below USD20,000 being increased by USD2000.

Release Calls have been updated as follows:

2015/6 – 7%

2014/5 – 3%

2013/4 – 2%

The full circular can be read here or on the Club’s website.