Articles from October 2010:
Gard announces no General Increase for 2011 P&I renewal
29 October 2010
Posted in Blog
The Board of Gard has advised that no General Increase is required for mutual P&I entries at the 2011 renewal, whilst a 10% General Increase for FD&D mutual entries has been decided. Individual premium rating will be dependent on the Member’s loss record and risk profile, and will be further adjusted according to the International [...]
Read more »Britannia calls for 5% General Increase for P&I renewal 2011
22 October 2010
Posted in Blog
The Committee has decided to increase the existing advance call rates by 5% for P&I entries and in addition the Members’ individual rates will be adjusted based on the cost of the International Group reinsurance program, as well as their individual claims’ records. The deferred call for 2010 is 40%. The Club will also continue [...]
Read more »Skuld abandons principle of “General Increase”
22 October 2010
Posted in Blog
The Club has decided to abandon the principle of a “General Increase”, instead focusing on the performance of individual members’ records to decide on increases at renewal. They believe this approach is more in line with other sectors of the marine insurance industry, however they are keen to stress that this should not be taken [...]
Read more »Standard P&I Club announces 2011 General Increase
22 October 2010
Posted in Blog
The Standard P&I Club board is seeking a 3.5% general increase in premium rates for 2011’s P&I renewal, whilst members with adverse records should expect their premiums to be further increased. Rates will also be adjusted following any increase in the International Group reinsurance program costs. Deductibles below USD10,000 will be increased by USD1,000. Regarding [...]
Read more »UK P&I Club sets General Increase for 2011
22 October 2010
Posted in Blog
The UK P&I Club has decided that a 5% increase in the premium rating will be sought from all Members for the 2011 policy year, plus any increase in the costs of the International Group reinsurance premium for the mutual Members. As far as deductibles are concerned, the standard minimum deductible will remain at USD5,000 [...]
Read more »Recent articles
3 September 2012
Have recessionary risks hindered the opportunities available to Asian marine insurers? And is the future a profitable one?
20 July 2011
What has changed in the marine insurance markets over the last year? And can Assureds expect to see these soft markets continue?
Blog
6 December 2012
In recent months, three insurers have pulled out of the Hull and Machinery market as competitive pressures and a year of substantial claims take their toll.
28 November 2012
At the recent Meeting of the Association’s board of Directors, the general increase to be applied to the advance call rates for the 2013 policy year was set at 5%.
Press releases
16 April 2013
INTTRA, the world’s largest multi-carrier shipping network for ocean freight, has launched a new member service that enables shippers to purchase cargo insurance from marine insurance specialist, FP Marine Risks.
4 February 2013
Hyperion Insurance Group Limited, the international insurance intermediary group, and FP Group Limited (FP), the Hong Kong-headquartered specialist marine broking group, are pleased to announce their partnership today, with Hyperion taking a 55% stake in FP Group Limited.
Opinions
26 March 2009
26 November 2008