The Strike Club 2016 General Increase announced
The Strike Club, now managed by Charles Taylor (managers of the Standard Club), have announced a 10% General Increase for all three Classes of cover for the 2016 policy year. In addition, Club has advised members to budget for increased Closing Calls on the open years as follows: Classes I & II (shore-related risks): 2015/6 – 30% (increased from 20%) 2014/5 – ...
Continue ReadingNorth of England 2016 General Increase announced
The North of England has announced a 2.5% General Increase for 2016/7 for both P&I and FD&D entries. The Club will pass on any changes to the Group Excess of Loss Reinsurance programme. All crew and cargo deductibles below US$25,000 will be increased by US$2,500 per deductible, and all other deductibles will go up by US$1,000. The Club has not ...
Continue ReadingWest of England 2016 General Increase announced
The West of England has announced there will be no General Increase on P&I or FD&D for 2016. West of England remains the only IGA Club not to apply the General Increase to the Group Excess of Loss Reinsurance costs. Deductibles will be increased by 10% or USD1000, whichever is the higher, up to a maximum USD2500 and Rules deductibles ...
Continue ReadingStandard Club General Increase 2016 announced
The Standard Club, including Standard Asia and Standard Europe, has announced a 2.5% General Increase for the 2016 P&I with no General Increase for FD&D with changes in the International Group Reinsurance costs being passed on. Deductibles will be increased by 10% with those below USD20,000 being increased by USD2000. Release Calls have been updated as follows: 2015/6 – 7% ...
Continue ReadingSteamship Mutual P&I 2016 General Increase announced
The Steamship Mutual P&I Club has announced there will be no General Increase for the 2016 renewal. There will also be no change to minimum deductibles and the Club will pass on changes to the International Group’s Reinsurance costs. Release calls have been updated as follows: 2016/7 – 12.5% 2015/6 – 12.5% 2014/5 – 5% 2013/4 – 2.5% The Club’s ...
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