London Club are sticking with their recent target rise approach with their last GI having been imposed on the 2021/22 policy year. For the 2025/26 policy year they are targeting a 5% increase in both P&I and FDD premiums with renewal terms based on Member’s individual records and risk profiles.
No general deductible increases have been announced and any changes to the International Group Reinsurance Programme rates will be passed on to the Membership.
The Club have seemingly had a productive year with a 12% increase in mutual tonnage on risk and a ‘modest underwriting deficit’ which was offset by a 4.8% return in investments.
Release Calls have been set as below:
2022/23 – 5%
2023/24 – 12.5%
2024/25 – 15%
2025/26 – 15%
The full circular can be found using the below link:
