Japan P&I Club announces nil General Increase for 2018/19
At their board meeting on 30th November 2017, it was decided that the Japan P&I Club will not impose any General Increase on the Advance Calls for 2018 renewal. Entries will be reviewed and adjusted as necessary depending on their claims performance, and also depending on changes in the GXL costs. The 2018 Supplementary call is set at 40%. In ...
Continue ReadingShipowners’ P&I Club announces nil General Increase for 2018/9
The Shipowners’ P&I Club announced they will be seeking a nil General Increase for 2018/9 and no change in standard deductibles. Uniquely among the IG, because of the profile of their tonnage in the small ships segment, they will absorb any changes in the International Group Excess of Loss Reinsurance programme. The full circular can be found here.
Continue ReadingAmerican Club announces nil General Increase for 2018/9
The American Club has announced they will be seeking a nil General Increase for the 2018/9 year across both P&I and FD&D classes. There will be no change to standard deductibles and the open years/Release Calls have been updated as follows: 2015/6 – 5% 2016/7 – 15% 2017/8 – 20% 2018/9 – 20% The full Club circular can be found ...
Continue ReadingAt a Glance – P&I Club General Increases 2018/9
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 ...
Continue ReadingGard announces nil General Increase for 2018/9
Gard have announced they will be seeking a nil General Increase for P&I and FD&D for the 2018 year. There will be no change in standard deductibles. Open policy years: 2015 is anticipated to be closed without any further Calls. Release Call set at 5% 2016 is anticipated to be closed without any further Calls. Release Call set at 5% ...
Continue ReadingThe Strike Club announces General Increase and changes for 2018/9 year
The Strike Club, managed by Charles Taylor Plc, has announced they will be seeking a 7.5% general increase for the 2018/9 policy year along with a number of important changes to the cover and structure. The Club have also made some interesting extensions to the cover, including: Cyber – delays caused by onboard and onshore cyber attacks, subject to Members ...
Continue ReadingNorth of England P&I Club announces nil General Increase for 2018/9
The North of England P&I Club has announced they will be seeking a nil general increase at the 2017/8 renewal. The Club will also be increasing all deductibles below USD25,000 by a minimum of USD1000 per deductible. Release Calls for both P&I and FD&D have been updated as follows: 2015/6 – 0% 2016/7 – 5% 2017/8 – 15% 2018/9 – ...
Continue ReadingLondon P&I Club will not seek any General Increase for 2018 renewal
The London P&I Club, managed by A. Bilbrough & Co, has announced they will be seeking a nil General Increase for the 2018/9 policy year in both P&I and FD&D classes. There will be an increase in deductibles of USD2000 for crew/people claims and USD1000 for all other deductibles. The Release Calls for open years have been amended to the ...
Continue ReadingUK P&I Club will not seek any General Increase for 2018
Following on from their recent meeting, the UK P&I Club’s Board has decided that for 2018 policy year: no General Increase will be sought from their Members standard deductible level will remain unchanged the release call will be set at 10% of mutual premium As per previous years, the cost of the GXL programme will be passed on to Members ...
Continue ReadingSteamship Mutual announces nil General Increase for 2018 and return 10%
Following the Club’s Board meeting on 24 October, Steamship Mutual have announced there will be no General Increase for the 2018/9 policy year. The Club are also not seeking an increase to the minimum deductibles. In addition, the Club will return 10% of premium paid on P&I Mutual entries in 2015 policy year to Members, to be credited immediately in November ...
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