December 2014 - Latitude Brokers

Swedish Club receives A- rating from AM Best

The Swedish Club has received an upgrade from AM Best to an A- (Excellent) rating. Standard & Poor’s reaffirmed it’s “BBB+” rating earlier this year, although they had raised their assessment of the Club’s capital adequacy and earnings to ‘strong’. At the same time, the London Club, managed by A Bilbrough, have received their first interactive rating of ‘BBB’ from ...

Swedish Club announces 2015 General Increase

The Swedish Club announced they will be seeking a 2.5% general increase for mutual P&I entries and a 5% increase for FD&D entries for the 2015 policy year. The Club will also increase crew P&I deductibles by USD1000 from 20 February 2015. The brief press release can be found here.

Japan P&I Club 2015 General Increase announced

The Japan P&I Club has today announced their General Increase for the 2015 year, as follows: 1. Mutual P&I entries – the Club will apply a 3% increase to the Advanced Call, with the Supplementary Call remaining static at 40%; 2. Charterers entries – the Club will apply a 5% increase; 3. FD&D entries – the Club will not apply ...

All IG P&I Clubs 2015 General Increases – Highlights

The following is solely in respect of the Mutual P&I entries and excludes FD&D, fixed premium entries and charterer’s liability. Now that all Clubs have announced, the headline General Increase numbers are as follows: American Club – 4.5% * Britannia – 2.5% Gard – 2.5% Japan – 3% London – 6% * North of England – 4.75% * Shipowners – ...

The Strike Club announces 2015 General Increase

The Strike Club has announced its general increases for the 2015 year for the various Classes that it writes to owners and charterers, as follows: Mutual cover for Classes I and II (shore related risks) – 10% general increase with a 30% release call set for 2015 Mutual cover for Class III (ship related risks) – 5% general increase with ...

Skuld P&I Club announces 2015 ‘Premium Structure’

As in recent years, Skuld’s position with regard to General Increases is unique within the IG in that they believe in adjusting each Member’s base premium upon a number of factors rather than a General Increase which is then adjusted for record. Those factors are as follows: i. statistical records taking into account claim costs, types of claim, claims trends as ...

Latitude Brokers Launch Party at the Maritime Museum

Thank you to all our guests for joining Latitude at the Maritime Museum for a great evening. We were delighted to see so many friendly faces and are very grateful to all of you who have traveled from afar to share that unique event with us. The party was held in the permanent exhibition viewing gallery, which displays unique artefacts and ...