North of England will not seek General Increase for 2019
The North of England P&I Club’s board of Directors have decided to not declare a general increase in P&I and FD&D premium for 2019 renewals. The Club will however undertake review of individual records and ratings to halt the ongoing decrease in ratings.
Deductibles below USD25,000 for P&I Class will be increased by at least USD1,000 per deductible. FD&D deductible will remain unchanged.
Release calls for the open years are confirmed as below:
2016/17: 0%
2017/18: 0%
2018/19: 15%
2019/20: 15%
Full details of the Club’s position is available in their Circular.