The Strike Club has announced its general increases for the 2015 year for the various Classes that it writes to owners and charterers, as follows:

Mutual cover for Classes I and II (shore related risks) – 10% general increase with a 30% release call set for 2015

Mutual cover for Class III (ship related risks) – 5% general increase with release call set for 2015 of 30%

There are no changes to deductibles unless due to record or trade on a per Member basis.

Prior Years

There has been some development on the Class I and II risks 2013/4 year and, as such, we set out below the closing and release calls announced:

Class I and II

2012/3 – closing call 20%

2013/4 – closing call 30% and release call 40%

2014/5 – closing call 30% and release call 40%

Class III

2012/3 – closing call 20%

2013/4 – closing call 20% and release call 30%

2014/5 – closing call 20% and release call 30%

The Club does not issue general increases for any of the fixed premium products written, ie War, Loss of Earnings, Tailored Delay or Charterer’s Profit Protection.  Please find the full circular here.

Please contact us for more details on the Strike Club’s covers.

 

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