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10 November 2026
The Club has reported that whilst the incurred cost of current Policy Year claims on IG pool at this time of year is lower than budgeted, Club’s own claims for the 2026/27 policy year are higher than their...
The Club has reported that whilst the incurred cost of current Policy Year claims on IG pool at this time of year is lower than budgeted, Club’s own claims...
Following the Board meeting in Seoul this week, the outlook for 2027 renewal and opportunities created by the forthcoming TT Club merger were among the...
Following the Board meeting in Seoul this week, the outlook for 2027 renewal and opportunities created by the forthcoming TT Club merger were among the...
In light of the volatility in large claims and the impact of inflation on underwriting results, together with other factors, the Club has decided to implement...
The Board noted that claims development for prior years remains in line with expectations with Combined Ratio for the 2026 financial year being slightly...
On 16 September 2026, the Joint War Committee (JWC) revised the Hull War, Piracy, Terrorism and Related Perils Listed Areas, issuing the new JWLA-035...
On the 3rd March 2026, the Joint War Committee has revised the Hull War, Piracy, Terrorism and related Listed Areas to JWLA-033, with the following ch...
The International Group have announced the finalised Group Excess of Loss (GXL) reinsurance structure and pricing for the 2026/27 policy year.
The structure...
The Club remains in a robust financial position, and will continue to take a prudent approach in a volatile risk environment, with a 5% increase on rates...
Unless specifically mentioned the following is in respect of the Mutual P&I entries and excludes FD&D, fixed premium entries and charterer’s l...
The Board has decided that entries will be reviewed and rates individually based on their risk profile, with a target of 5% minimum increase in rate on...
In response to upwards pressure on claims costs, notwithstanding limited impact of Pool claims on the Club, the Board has decided to apply a 5% General...
In consideration to the inflationary costs of claims and the burden of the increasing pool claims, the Club has decided to apply a 5% General Increase...
Whilst the Club has been focusing on Member-specific approach in the recent years, the Board of Directors has mandated an overall target increase of 8%...
In the face of retained claims quantum inflation, and increased costs of pool claims, the Club’s board will seek to address the insufficient premium level...
West, like many other Clubs, have highlighted that whilst their own claims for the 2025/26 policy year are within their initial forecast, the incurred...
The Club will return 10% of Estimated Total Call to Owners renewing with Gard for the 2026 policy year.
The reported pool claims so far in the current Underwriting year are pointing towards a challenging pool year, whilst quantum of attritional claims continue...
