International Group reinsurance costs to increase by 33%
After months of rumors of a significant increase to the costs of the GXL placement, the Chairman of the International Group Reinsurance Subcommittee has now announced the 2022 rates to be as follows: Persistent Oil tankers + 15% / $0.6469/GT Clean Tankers +40% / $0.3666/GT Dry +40% / $0.5639/GT Containerships +55% / $0.6586/GT Passenger +18.6% / $3.8677/GT Chartered Tankers +33% ...
Continue ReadingAt a Glance – 2022/2023 P&I Renewals
The following is solely in respect of the Mutual P&I entries and excludes FD&D, fixed premium entries and charterer’s liability. The headline General Increase numbers are as follows and will be updated as each Club announces – click on each Club’s link to see the full GI announcement or for real time data comparison, use American Club – 12.5% GI ...
Continue ReadingSwedish Club announces 12.5% GI for 2022
The last IG Club to announce their position for 2022 P&I renewal, the Swedish Club has now advised that they are seeking a 12.5% General Increase for 2022. The Circular is not yet available but the Press release is available here.
Continue ReadingFilhet-Allard Maritime acquires controlling stake in Latitude Brokers
PRESS RELEASE – 8 December 2021 FOR IMMEDIATE DISTRIBUTION Media Contacts: Saraid Mc Carrick – Filhet-Allard Maritime +33 5 57 53 39 05 [email protected] Andrew Brooker – Latitude Brokers +852 2154 2253 [email protected] Filhet-Allard Maritime acquires controlling stake in Latitude Brokers Bordeaux & Hong Kong, December 8th, 2021 Filhet-Allard Maritime, the France-based leading insurance broker for the commodities trading, shipping ...
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