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 use pilotfor real time data comparison:

American Club – 0% for 2017

Britannia – 0% for 2017 and reduced deferred calls on 2014/5 and 2015/6

Gard – 0% for 2017

Japan – 0% for 2017

London – 0% for 2017

North of England – 0% for 2017 and 5% return of 2016/7

Shipowners – 0%

Skuld – (no GI applied)

Standard – 0% for 2017 and 5% return on 2016/7

Steamship – 0% for 2017 and 10% return on 2014/5

Swedish – 0% for 2017

UK – 0% for 2017 and 3% return on 2015/6

West of England – 0% for 2017

We recommend that the full details of each Club’s announcement be reviewed carefully.  It is also relevant to note that some Clubs apply the GI to the Advanced Call whereas others apply it to the Estimated Total Call so the numbers announced do need to be carefully understood to be compared properly.  .

In addition, some Clubs apply the GI to any additional Group Reinsurance costs (which are now finalized with substantial reductions) and there are also changes in the way that GXL premium is being accounted for which could have a negative effect on records. The point being, the headline numbers should not be taken in isolation as the comparison is not straight forward and each Member’s position needs to be reviewed.

Please contact us for advice on your upcoming P&I renewal.