Shipowners P&I Club Archives - Latitude Brokers

SOP to apply 10% General Increase to Yacht and increases on Dry Cargo for 2023

Following a few years of General Increase and positive Underwriting results, the Club has announced that they will take a differentiated approach across the Membership with regards to 2023 renewal, reflecting sector-specific claims trends: the Club will not seek a General Increase across all entries, but have announced that a 10% General Increase will be applied to Yacht and increases ...

Shipowners P&I Club seeks 5% GI for 2022

The Shipowners P&I Club has announced 5% General Increase in Premiums for 2022 renewal, in line with last year’s position. Members with adverse records will face risk specific adjustments but as per previous years, the Club will continue to absorb any change in the IG GXL reinsurance programme, notwithstanding the significant increase anticipated. The Club is maintaining its approach of ...

Shipowners P&I Club to apply 5% GI for 2021

For the end consecutive year, the Shipowners P&I Club have announced they will apply a 5% General Increase at next renewal. The Club will absorb any adjustment in premium for the International Group excess of loss programme. In addition deductibles below USD50,000 will be increase by 10% and for deductibles below USD5,000 a minimum increase of USD500 will apply. Records ...

5% GI from Shipowners P&I Club for 2020

Since 2014, the SOP has applied Nil General Increase on Mutual premiums but for 2020 renewal, they have announced they will apply a 5% General Increase. The Club will absorb any adjustment in premium for the International Group excess of loss programme. Records will be reviewed individually however for adequate deductible and premium adjustments. Details of the Club’s position are ...