October 2017 - Latitude Brokers

Steamship Mutual announces nil General Increase for 2018 and return 10%

Following the Club’s Board meeting on 24 October, Steamship Mutual have announced there will be no General Increase for the 2018/9 policy year. The Club are also not seeking an increase to the minimum deductibles. In addition, the Club will return 10% of premium paid on P&I Mutual entries in 2015 policy year to Members, to be credited immediately in November ...

Britannia returns USD10m to Members, and announces Nil General Increase for 2018

Further to Britannia Board meeting on 17 October, the Club has announced that they will not apply any General Increase on P&I and FD&D advance call at 2018 renewal. In addition, the Club will return a further USD10m to mutual Members, based on premium for ships on risk at midnight BST 17 October 2017. The Club has already redistributed USD20 ...

Standard Club advises no General Increase for 2018 and return 5% for 2017

The Standard P&I Club held their board meeting in Hong Kong last week, and have now advised that they will not seek General Increase on the P&I and FD&D Estimated Total Premiums for 2018 policy year. In addition, in view of the satisfactory financial results and the increase in the reserves, the Club will return 5% of mutual call for ...

West of England announces nil General Increase for 2018

The West of England has announced they will be seeking a nil General Increase (referred to as a standard surcharge) for P&I and FD&D renewals in 2018. Group Reinsurance costs will be charged as fixed costs per GT as per existing practice. P&I deductibles will be increased by USD1000 to a minimum USD12,000 and individual entries that carry deductibles below that ...

Latitude Brokers donates Time, Money and Energy to Sailors Society!

As a supporter of Sailors’ Society since we launched Latitude Brokers, we are raising money for them, for the third year in a row, by hiking 28kms across Hong Kong Island at the Ambassadors’ Trek in October 2017. In addition, we are on the organizing committee for the first time this year, so we are hoping for an excellent turnout and ...