International Group announce 2025/26 GXL rises – Container ship operators hit hardest
The International Group have announced the finalised Group Excess of Loss (GXL) reinsurance structure and pricing for the 2025/26 policy year.
As expected the rates have been heavily impacted by a high level of pool claim activity, most obviously with the Dali allision claim with the Baltimore Bridge.
The structure of the programme remains unchanged from the 2023/24 policy year but the ratings have increased across the board, most notably for container ships and clean tankers. The new rates, applied as a rate per GT, can be seen below:
| Tonnage category | 2025 rate in USD per GT | % change in rate per GT |
| Persistent Oil Tankers | 0.6258 | +1.5% |
| Clean Tankers | 0.4337 | +8.9% |
| Dry | 0.6054 | +3.3% |
| FCC | 0.8903 | +23.6% |
| Passenger | 3.4390 | +1.6% |
| Chartered tankers | 0.3246 | +3.8% |
| Chartered dries | 0.1577 | +3.3% |
The full article can be found below:
Reinsurance contract (GXL) structure for 2025/26 – The International Group of P&I Clubs