The UK P&I Club, in line with all other IG Clubs so far has announced that they will not be seeking a General Increase across their Membership, but will focus on individual performance and records. The standard deductible will be increased to from USD10,000 to USD12,000 per event from 20 February 2017.

At the same time, the Club will return 3% on the 2015 Mutual Call for 2015 Policy Year, by way of a credit on the 4th instalment for 2015/16.

The release calls for the open years are now set as follows:

2014: 0%

2015: 0%

2016: 10%

2017: 15%

Full details of the Board’s decision are available on the latest Circular and supported by the Club’s Autumn Review 2016.

 

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