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 as advised in April:

2016/17: 5%

2017/18: 12.5%

2018/19: 15%

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