North of England have announced a 4.75% General Increase for all P&I mutual entries for 2015, which is broken down between a minimum mandatory increase per member of 2.5% and  an increase for record.  The General Increase reflects the Club’s increase in Pool contributions which has risen to a more comparable level with the Club’s tonnage as a result of two large claims in the 2013 policy year, as well as their commitment to maintain stability and the Club’s financial strength ‘A’ rating. All crew and cargo deductibles below US$25,000 will be increased by US$2,000 per deductible.

Mutual premiums for North of England’s FD&D cover will increase by 2.5% at the February 2015 renewal but there will be no change to deductibles. Fixed-premium P&I and FD&D cover rates will increase by 5%.

Release Calls on open years have not been announced yet.

For further information, please see North of England General Increase Press Release and North of England Members’ Circular

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