At a glance – 2024/2025 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.
American Club – target 7.5% increase overall for 2024 25% and 40% unbudgeted supp call respectively on 2020/21 and 2021/22
Britannia – standard surcharge 7.5% and return USD10 millions
Gard – 5% GI and 10% Owners Discount on 2024
Japan – 7.5% GI for 2024
London – target 7.5% increase for 2024
NorthStandard – 5% GI for 2024 (and nil GI for Coastal and Inland for mutual entries)
Shipowners – 5% GI (not applicable to Yachts) for 2024
Skuld – target 5% increase overall for 2024
Steamship – 5% GI for 2024 and 7.5% return on 2023/2024 premium
Swedish – 7.5% GI for 2024
UK – 7.5% GI for 2024
West of England – 7.5% GI for 2024