UK P&I Club sets General Increase at 7.5% for 2026 renewal

The reported pool claims so far in the current Underwriting year are pointing towards a challenging pool year, whilst quantum of attritional claims continue to rise. On this basis the Club’s Board has decided to seek a 7.5% General increase on P&I for 2026 renewal, together with a 10% increase on all deductibles below USD50,000, with minimum USD1,000 increase.

Adjustment to the IG reinsurance programme will be passed at costs to the Members.

Release calls:

2026-27: 15%

2025-26: 10%

2024-25: 7.5%

2023-24: 5%

For the full details of the Club’s renewal update, please refer to the Circular.

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