West of England 2016 General Increase announced
The West of England has announced there will be no General Increase on P&I or FD&D for 2016. West of England remains the only IGA Club not to apply the General Increase to the Group Excess of Loss Reinsurance costs.
Deductibles will be increased by 10% or USD1000, whichever is the higher, up to a maximum USD2500 and Rules deductibles will be increased to USD11,000.
Release Calls have been set for 2016/7 at 14.8% of ETC and the Club have not commented on previous years.
The full circular can be read here or on the Club’s website.