NorthStandard’s Coastal and Inland class announce 6.5% General Increase
Coastal and Inland class (C&I) have broken a 14 year streak of no General Increase and announced a 6.5% rise in P&I premiums for the 2025/26 policy year. This is 1.5% higher than the GI announced by the main Club and follows a difficult year for the class who were hit by their first ever pool claim. Following 14 years ...
Continue ReadingSwedish Club announce 5% General Increase for 2025/26
The Swedish Club have announced a 5% General Increase for the 2025/26 policy year which puts them very much in the middle of the pack at this renewal. This GI is only applicable to P&I premiums with no rise advised for FDD. GXL reinsurance cost rises will also be passed on to Members. In addition to the premium rise the ...
Continue ReadingBritannia announce 7.5% minimum premium increase and an estimated 12% return on gross premiums
Britannia have now released their 2025/26 renewal circular with key highlights below: A minimum rise in P&I premiums of 7.5%, no minimum rise in FDD announced. A target additional 2.5% rise in overall Club income coming from remedial action for those accounts where 7.5% is not sufficient. Minimum P&I deductibles to increase as follows: Crew USD 10,000 (up from USD ...
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