NorthStandard announce a 5% General Increase for 2026/27 policy year
When compared to the 2024/25 policy year, the Club have seen a more benign period for their retained claims in 2025/26 to date. The Club did reiterate the point made by other Clubs that the number and value of pool claims remain high, albeit slightly lower than the previous policy year at the same point. As a result the expected ...
Continue ReadingNorthStandard announce 5% General Increase for 2025/26 policy year
Northstandard have announced a 5% GI across P&I and FDD classes for both Mutual and Fixed premium entries. This applies only to their bluewater entries with C&I class yet to release their own separate renewal circular. In addition all P&I deductibles under USD 30,000 will be increased by a minimum of USD 1,000. FDD deductibles will not be subject to ...
Continue ReadingNorthStandard announces 5% General Increase for first renewal post merger
The Board of the newly formed NorthStandard have advised that whilst the Club performances in terms of claims and investment are as per projections, external factors such as geopolitical instability and inflation continue to require some adjustment in premium levels to preserve the Club’s financial position. The Club has therefore declared a 5% General Increase in premium rates for 2024 ...
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