Gard returns 10% as OGD and announces 5% GI for 2024 renewal
The Club’s Board has decided:
- the Owners General Discount is fixed at 10% of Estimated Total Calls for Members renewing their entry with Gard for 2024 policy year
- General Increase of 5% on ETC for 2024 renewal will be levied to support the portfolio in the face of continuing inflation
As per usual practice, the Club will also review individual Members performance for adjustments as necessary, and any adjustment to the Club’s excess of loss reinsurance programme will be passed on to Members at costs.
Release calls have been approved as follows:
2021: 5%
2022: 5%
2023: 10%
2024: 10%
Full details of the Board’s position are available in the Club’s circular.