Swedish Club announces 5% GI
The last Club to announce, the Swedish Club, has now joined the pack of Clubs seeking GI for 2020 P&I renewals, albeit at a slightly lower level than the majority, with a 5% General Increase.
The Club will also address premium adequacy by reviewing loss records individually.
No General Increase will be applicable on FD&D entries.
Release Calls are set as follows:
2017/18: 5% (P&I) and 0% (FD&D)
2018/19: 10% (P&I) and 0% (FD&D)
2019/20: 15% (P&I) and 5% (FD&D)
2020/21: 15% (P&I) and 5% (FD&D)
Full details are available in the Club’s P&I Circular and FD&D Circular