Latitude Brokers

Standard and North P&I Clubs announce merger talks

The Standard P&I Club and the North P&I Club have announced that they are finalizing the legal, transactional and operational elements for the proposed merger. Latitude Brokers spoke to the Standard Asia today, and can share some further information. The merger will be submitted to Members’ vote on 27th May 2022, after which the Clubs expect to complete the regulatory ...

Joint War Committee updates War Listed Areas on 7th March 2022

On 7th March 2022, the Joint War Committee have updated the Hull War, Piracy, Terrorism and Related Listed Areas to JWLA-029: Amended: Europe 1.Sea of Azov and Black Sea waters enclosed by the following boundaries a) On the west, around Romanian waters, from the Ukraine-Romania border at 45° 10.858’N, 29° 45.929’E to high seas point 45° 11.325’N, 29° 51.140’E b) ...

Latitude Brokers appoint Matt Cannock as Managing Director, Singapore

PRESS RELEASE – 8 March 2022 FOR IMMEDIATE DISTRIBUTION Media Contacts: Saraid Mc Carrick – Filhet-Allard Maritime +33 5 57 53 39 05 [email protected] Andrew Brooker – Latitude Brokers +852 2154 2253 [email protected] Latitude Brokers appoints Matt Cannock as Managing Director, Singapore Bordeaux & Hong Kong, 8 March 2022 Latitude Brokers, recently acquired by Filhet-Allard Maritime, have appointed Matt Cannock ...

Joint War Committee updates War Listed Areas on 15th February 2022

On 15th February 2022, the Joint War Committee have updated the Hull War, Piracy, Terrorism and Related Listed Areas to JWLA-028: Added Europe Ukrainian and Russian waters in the Black Sea and the Sea of Azov Should you require any assistance regarding War Risks, please do not hesitate to contact us.

International Group reinsurance costs to increase by 33%

After months of rumors of a significant increase to the costs of the GXL placement, the Chairman of the International Group Reinsurance Subcommittee has now announced the 2022 rates to be as follows: Persistent Oil tankers + 15% / $0.6469/GT Clean Tankers +40% / $0.3666/GT Dry +40% / $0.5639/GT Containerships +55% / $0.6586/GT Passenger +18.6% / $3.8677/GT Chartered Tankers +33% ...

At a Glance – 2022/2023 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 or for real time data comparison, use American Club – 12.5% GI ...

Swedish Club announces 12.5% GI for 2022

The last IG Club to announce their position for 2022 P&I renewal, the Swedish Club has now advised that they are seeking a 12.5% General Increase for 2022. The Circular is not yet available but the Press release is available here.

Filhet-Allard Maritime acquires controlling stake in Latitude Brokers

PRESS RELEASE – 8 December 2021 FOR IMMEDIATE DISTRIBUTION Media Contacts: Saraid Mc Carrick – Filhet-Allard Maritime +33 5 57 53 39 05 [email protected] Andrew Brooker – Latitude Brokers +852 2154 2253 [email protected] Filhet-Allard Maritime acquires controlling stake in Latitude Brokers Bordeaux & Hong Kong, December 8th, 2021 Filhet-Allard Maritime, the France-based leading insurance broker for the commodities trading, shipping ...

North of England declares 15% increase for 2022

The Club has declared a 15% General Increase on rates at 2022 renewal, which they are breaking down in two parts: 7.5% to address the rising costs of the Club’s contribution to Pool claims and 7.5% to address the underwriting deficit. In addition, Members’ individual records will be assessed and their Terms and Conditions adjusted as necessary. All deductibles below ...

The American P&I Club announces 12.5% GI for 2022 and more supplementary calls

Following the Club’s Circular dated 25 June 2021 on Annual Report and Accounts for 2020, the Board has determined that the premium earned but unbilled (EBUB) for 2018 and 2019, should now be billed in the form of supplementary calls: 2018: 15% supplementary call on current ETP 2019: 35% supplementary call on current ETP With regards to 2020 Policy year, ...