Skuld renewal update 2018/9
Skuld, which abandoned seeking General Increases in 2011, has issued their renewal update for the 2018/9 policy year. There will be no change to the standard deductibles and the Release Calls have been updated as follows for the open years: 2015/6 – 3% 2016/7 – 7.5% 2017/8 – 15% 2018/9 – 15% The full circular can be found here.
Continue ReadingAt a Glance – P&I Club General Increases 2018/9
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 for real time data comparison: American Club – 0% for ...
Continue ReadingGard announces nil General Increase for 2018/9
Gard have announced they will be seeking a nil General Increase for P&I and FD&D for the 2018 year. There will be no change in standard deductibles. Open policy years: 2015 is anticipated to be closed without any further Calls. Release Call set at 5% 2016 is anticipated to be closed without any further Calls. Release Call set at 5% ...
Continue ReadingThe Strike Club announces General Increase and changes for 2018/9 year
The Strike Club, managed by Charles Taylor Plc, has announced they will be seeking a 7.5% general increase for the 2018/9 policy year along with a number of important changes to the cover and structure. The Club have also made some interesting extensions to the cover, including: Cyber – delays caused by onboard and onshore cyber attacks, subject to Members ...
Continue ReadingNorth of England P&I Club announces nil General Increase for 2018/9
The North of England P&I Club has announced they will be seeking a nil general increase at the 2017/8 renewal. The Club will also be increasing all deductibles below USD25,000 by a minimum of USD1000 per deductible. Release Calls for both P&I and FD&D have been updated as follows: 2015/6 – 0% 2016/7 – 5% 2017/8 – 15% 2018/9 – ...
Continue ReadingLondon P&I Club will not seek any General Increase for 2018 renewal
The London P&I Club, managed by A. Bilbrough & Co, has announced they will be seeking a nil General Increase for the 2018/9 policy year in both P&I and FD&D classes. There will be an increase in deductibles of USD2000 for crew/people claims and USD1000 for all other deductibles. The Release Calls for open years have been amended to the ...
Continue ReadingUK P&I Club will not seek any General Increase for 2018
Following on from their recent meeting, the UK P&I Club’s Board has decided that for 2018 policy year: no General Increase will be sought from their Members standard deductible level will remain unchanged the release call will be set at 10% of mutual premium As per previous years, the cost of the GXL programme will be passed on to Members ...
Continue ReadingSteamship Mutual announces nil General Increase for 2018 and return 10%
Following the Club’s Board meeting on 24 October, Steamship Mutual have announced there will be no General Increase for the 2018/9 policy year. The Club are also not seeking an increase to the minimum deductibles. In addition, the Club will return 10% of premium paid on P&I Mutual entries in 2015 policy year to Members, to be credited immediately in November ...
Continue ReadingBritannia returns USD10m to Members, and announces Nil General Increase for 2018
Further to Britannia Board meeting on 17 October, the Club has announced that they will not apply any General Increase on P&I and FD&D advance call at 2018 renewal. In addition, the Club will return a further USD10m to mutual Members, based on premium for ships on risk at midnight BST 17 October 2017. The Club has already redistributed USD20 ...
Continue ReadingStandard Club advises no General Increase for 2018 and return 5% for 2017
The Standard P&I Club held their board meeting in Hong Kong last week, and have now advised that they will not seek General Increase on the P&I and FD&D Estimated Total Premiums for 2018 policy year. In addition, in view of the satisfactory financial results and the increase in the reserves, the Club will return 5% of mutual call for ...
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