Shipowners’ Club calls for 5% General Increase for 2026 & announce new CEO
The Board observed that prior years continue to develop ahead of budget, at the same time as Pool Claims are at a high level. In order to address the imbalance between premium and claims and sustain the Club’s objective of a break even combined ratio, the Club will apply a 5% General increase for 2026 renewal, inclusive of any changes ...
Continue ReadingSteamship Mutual opens the 2026 renewal season with 8% General Increase
The Club highlighted a number of difficulties in 2025 as they head into the 2026 policy year. There has been a second successive year of high pool claim numbers, in addition to deterioration on the prior year’s pool claims, in quantum as well as in number. The Club have also seen their retained claims developing worse than budget. As such ...
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