international group Archives - Latitude Brokers

At a Glance – Announced IG Combined Ratios for 2024/25 Financial Years as per Annual Reports

Unless otherwise stated, combined ratios refer to the policy year 20 February 2024 to 20 February 2025. American Club – TBA Britannia – 137.7% Gard – 95.5% *For the calendar year ending 31 December 2024. Japan P&I – TBA London Club – 101.7% NorthStandard – 114% Skuld – 112% Shipowners Club – 98.8% * For the calendar year ending 31 ...

International Group announce 2025/26 GXL rises – Container ship operators hit hardest

The International Group have announced the finalised Group Excess of Loss (GXL) reinsurance structure and pricing for the 2025/26 policy year. As expected the rates have been heavily impacted by a high level of pool claim activity, most obviously with the Dali allision claim with the Baltimore Bridge. The structure of the programme remains unchanged from the 2023/24 policy year ...

International Group reinsurance costs to increase by 33%

After months of rumors of a significant increase to the costs of the GXL placement, the Chairman of the International Group Reinsurance Subcommittee has now announced the 2022 rates to be as follows: Persistent Oil tankers + 15% / $0.6469/GT Clean Tankers +40% / $0.3666/GT Dry +40% / $0.5639/GT Containerships +55% / $0.6586/GT Passenger +18.6% / $3.8677/GT Chartered Tankers +33% ...