Andrew Brooker, Author at Latitude Brokers

Swedish Club announces nil General Increase for 2017

The Swedish Club has announced they will be seeking a nil General Increase for the 2017 renewals. The Club will not increase deductibles or make other changes to the cover, aside from increasing the FD&D limit to USD10m (up from USD5m). No further information was provided, but the full Circular can be found here.

Tradewinds Article 2 December 2016

We were recently featured in Tradewinds after the launch of

Press Release: Latitude Brokers launches PILOT

Latitude Brokers launches Hong Kong, 29 November 2016 – Latitude Brokers, the Asia based marine insurance specialist, have launched PILOT – the first online P&I Club comparison tool. In time for the 2017 P&I renewal season, PILOT distils critical information for each IG Club in to an efficient, live and interactive format allowing owners to easily compare their Club’s performance, ...

At a glance – IG Club General Increases for 2017

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 use for real time data comparison: American Club – 0% for ...

Japan P&I Club announces nil General Increase for 2017

The Japan P&I Club has announced they will be seeking nil General Increase for the Advanced Call for the 2017 policy year, with the Supplementary Call remaining at 40% of the Advanced. FD&D entries will also be subject to a nil General Increase. In addition, the Club has updated the Release Calls on open years as follows: 2017 – 45% 2016 ...

North of England announces nil General Increase for 2017 and 5% Credit on 2016 year (Updated)

Updated 26 November 2016 Since the below announcement by the Club, they have clarified that the premium credit for 2016 is not conditional upon renewing in 2017. However, for Members who do renew, the premium credit will be offset against the first instalment for 2017/8. The North of England has announced they will not be seeking a general increase in ...

American Club announces nil General Increase for 2017

The American Club has announced they will not be seeking a General Increase for 2017 on their mutual or fixed P&I and FD&D entries. The Club has updated their Release Calls on open years as follows: 2017 – 20% 2016 – 20% 2015 – 15% 2014 – 12/5% In addition, the Club has increased the following deductibles: SCOPIC claims to ...

Steamship Mutual announce nil General Increase for 2017 and 10% rebate for 2014/15 policy year

Following their meeting on 25 October, the Steamship Mutual has decided to return capital to the Club’s Members. The return will be 10% of premium paid on Class 1 (P&I) owned mutual entries in respect of the 2014/15 policy year. It was also decided that no General Increase was required at the 20 February 2017 renewal – this being the ...

Gard announces nil General Increase for 2017

Gard have announced that no General Increase will apply for the 2017 P&I and FD&D renewal and that Members should continue to budget for the current 25% Deferred Call on the 2016/7 year. Gard would usually announce any reductions in their Deferred Calls for 2016 at their Board meeting in May 2017. The decision to announce a nil General Increase, ...

Standard Club announces nil General Increase and 5% return

Following its board meeting in Tokyo on 21st October, the Standard Club has announced stable underwriting results and a healthy investment forecast for the current year. Free reserves are expected to increase at the year ending February 2017 and, as such, the board has decided that there will be no general increase for the coming 2017 renewal and the Club ...