Skuld will continue to underwrite their 2016/7 policy renewals based on individual Member’s records rather than announcing a General Increase, so their announcement is different to other IG Clubs.  They  will pass on any changes in the IG GXL Reinsurance costs to Members when they are finalized.

However, Skuld have announced their mutual Members will receive a guaranteed premium credit equivalent to 2.5% of each Member’s individual P&I mutual premium for 2015/6.  This credit is guaranteed and will improve if the year’s results improve further. The final return will be calculated (and the credit granted) after the Club’s AGM next year, which usually takes place around the start of September.

The Club’s full announcement can be found here or on their website.

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