The Club highlighted a number of difficulties in 2025 as they head into the 2026 policy year. There has been a second successive year of high pool claim...
The Board observed that prior years continue to develop ahead of budget, at the same time as Pool Claims are at a high level. In order to address the imbalance...
The Club announced a 9% increase in entered tonnage in the first half of the year, which was mainly attributed to existing Members entering additional...
When compared to the 2024/25 policy year, the Club have seen a more benign period for their retained claims in 2025/26 to date. The Club did reiterate...
The reported pool claims so far in the current Underwriting year are pointing towards a challenging pool year, whilst quantum of attritional claims continue...
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...
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...
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 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...
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...
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...
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 liability.
Unless specifically mentioned the following is in respect of the Mutual P&I entries and excludes FD&D, fixed premium entries and charterer’s liability.
The American Club have announced no GI this year with rates being adjusted based on Member’s records, but subject to a target 7% rise overall for all main...
JPI have released their 2025/26 renewal circular which details their requirements for a 7% General Increase for their Owners P&I and Charterers Liability...