The International Group have announced the finalised Group Excess of Loss (GXL) reinsurance structure and pricing for the 2026/27 policy year.
The structure of the programme remains unchanged from the 2025/26 policy year but the ratings have reduced across the board, apart for container ships which is the only category to face an increase, whilst rate for clean tankers remain unchanged. The new rates, applied as a rate per GT, can be seen below:
| Tonnage category | 2026 rate in USD per GT | % change in rate per GT |
| Persistent Oil Tankers | 0.5758 | -8% |
| Clean Tankers | 0.4337 | 0% |
| Dry | 0.5751 | -5% |
| FCC | 1.0237 | +15% |
| Passenger | 3.1472 | -8.5% |
The full article can be found below:
Reinsurance contract (GXL) structure for 2026/27 – The International Group of P&I Clubs
