The Board of the Club has set a 5% General Increase on P&I and FD&D premium for 2021, and will increase all deductibles as follows:

  • deductibles of USD10,000 or less will be increased by USD1,000
  • other deductibles will be increased by 10%, maximum USD15,000

In addition, individual records will be assessed to further adjust premiums and deductibles as necessary, and the costs of the IG reinsurance programme will be passed on to Members as usual.

The release calls remain at 20% for the Open Years (2018, 2019 and 2020).

Full details of the Club’s position is available on their website.