The Boards of the Club have set a General Increase of 12.5% on P&I rates for 2022 renewal to address the underwriting deficit. In addition, the rates will be adjusted based on individual loss records, and to reflect any change in the International Group Reinsurance Programme.

P&I Release calls are updated as follows:

2019: 5%

2020: 10%

2021: 15%

2022: 25%

Full details of the Club’s position for 2022 renewal are available in their Circular.