London Club target 12.5% increase in P&I rates

Further to their previous announcement to levy Supplementary calls on the last 3 years, the Club has announced that they will not be setting a General Increase for 2022 renewal, but rates and deductibles will be adjusted individually with the overall goal of achieving 12.5% increase in P&I and FD&D rates. Any change in the costs of the IG excess reinsurance programme will be passed on to Members.

Release calls for 2022/23 are set at 15% for both P&I and FD&D.

Full details of the Club’s announcement are available in their Circular.