Latitude Brokers

Skuld P&I Club announces 2015 ‘Premium Structure’

As in recent years, Skuld’s position with regard to General Increases is unique within the IG in that they believe in adjusting each Member’s base premium upon a number of factors rather than a General Increase which is then adjusted for record. Those factors are as follows: i. statistical records taking into account claim costs, types of claim, claims trends as ...

Latitude Brokers Launch Party at the Maritime Museum

Thank you to all our guests for joining Latitude at the Maritime Museum for a great evening. We were delighted to see so many friendly faces and are very grateful to all of you who have traveled from afar to share that unique event with us. The party was held in the permanent exhibition viewing gallery, which displays unique artefacts and ...

UK Defence Club announces 2015 General Increase

The UK Defence Club, the specialist FD&D standalone mutual managed by Thomas Miller Defence Ltd, has announced there will be no General Increase for mutual FD&D entries for the 2015/6 policy year. In addition, the Club has announced it will offer a Continuity Credit (taken as a reduction from the quoted 2015/6 premium) to existing members who renew in 2015/6 ...

London P&I Club announces 2015 General Increase

A.Bilbrough & Co, managers of the London P&I Club, have announced the Club will seek a general increase of 6% in Annual Call Rates for the 2015/6 Policy Years for both mutual P&I and FD&D entries. The Club will increase P&I deductibles that are below USD15,000 by USD2000, with FD&D deductibles remaining unchanged. The Club have set Release Calls for ...

Hanseatic P&I to open in Shanghai

Hanseatic P&I, the Hamburg and London based specialist fixed premium P&I provider has been granted a licence to open an office in Shanghai. The office will concentrate on claims and business development with the office having opened this month. This marks a further commitment to the Asia region, with Hanseatic staff speaking Mandarin and English to serve the local Chinese ...

American P&I Club 2015 General Increase announced

The American Club has announced a 4.5% General Increase will apply to all mutual premium P&I entries in 2015. This shall be placed against the Estimated Total Premium. The following classes will also be subject to a 4.5% General Increase: Mutual and Fixed premium FD&D Fixed premium P&I Damage to Hull (DTH) for charterers cover In addition, all deductibles will ...

Standard P&I Club announces 2015 General Increase

The Standard Club has announced a 5% general increase will be applied to all mutual P&I premiums at the 2015 renewal. All deductibles will increase by 10% and, importantly, the Club will now apply deductibles to correspondent’s, survey and legal fees. A change to the Club Rules will be made to reflect this. Steel pre-loading surveys will only be paid ...

Unison Creative wins award for Latitude Brand

Unison Creative won an award for Best Creative Development of a New Brand for their work with us at the inaugural Transform APAC awards ceremony last night. We are very proud of our collaboration with Unison Creative and we are very proud of our brand – we believe it defines who we are, what we do and how we do it, ...

Newbuilding Program – Insurance Contract Review

According to RS Platou’s October 2014 Monthly Newsletter, there have been 748 newbuildings ordered for the year to date, with 2463 vessels due for delivery from now to 2016 and beyond. Whilst we do not intend to comment on the reasons for that here, what we do know is that for many stakeholders, insurance is a long way down the ...

NHC increase Charterer’s Liability limits to USD500m from 1st January 2015

The Norwegian Hull Club’s specialist Charterer’s Liability underwriting arm will, from 1st January 2015, be able to offer up to a USD500m limit of liability. Whilst not every charterer (or more frequently, owner) demands USD500m of cover, other markets in the form of many of the International Group (IG) Clubs, The Charterers Club and Raetsmarine, already write to USD500m. Charterama BV ...