The 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 ReadingThe Strike Club 2016 General Increase announced
The Strike Club, now managed by Charles Taylor (managers of the Standard Club), have announced a 10% General Increase for all three Classes of cover for the 2016 policy year. In addition, Club has advised members to budget for increased Closing Calls on the open years as follows: Classes I & II (shore-related risks): 2015/6 – 30% (increased from 20%) 2014/5 – ...
Continue ReadingLoss of Hire Insurance – is there a better way?
Loss of Hire policies are not as frequently purchased in Asia as in other parts of the world, Scandinavia and Europe for example. The traditional loss of hire policy responds to the net loss of income after a hull and machinery claim. There are a number of deductible and limit options available but a 14 day deductible and a 90 ...
Continue ReadingThe Strike Club announces 2015 General Increase
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 ...
Continue Reading