Articles from November 2011:
West of England announces 5% General Increase for 2012
28 November 2011
Posted in Blog
Tagged: general increase, marine insurance, P&I
The Club has adopted a 5% General Increase for the 2012 renewal of both P&I mutual entries and charterers’ entry. The cost of the Group reinsurance programme will be charged additionally as usual. The forecast additional call for mutual entries is 30% payable in August 2013, with a further 30% for release call. All deductibles [...]
Read more »Shipowner’s P&I Club have adopted nil General Increase for 2012
21 November 2011
Posted in Blog
Tagged: general increase, marine insurance, P&I
For the second consecutive year, the Shipowners P&I Club board had decided that no general increase will be imposed on the mutual entries for the coming policy year. In addition, any increased costs in the reinsurance programme will be absorbed by the Club. Entries will be reviewed individually though according to the claims performance and [...]
Read more »Standard Club announces General Increase at 5%
10 November 2011
Posted in Blog
The Club’s board has decided to call a 5% General Increase on rates for the 2012 renewal, and anticipate many entries will have their rates adjusted to correct current premium levels. Any increase in the cost of the reinsurance programme will be passed on to Members as usual. At the same time, all deductibles will [...]
Read more »Gard announces a 5% General Increase
4 November 2011
Posted in Blog
Tagged: general increase, marine insurance, P&I
Gard’s Board has set the general increase for both P&I and FD&D mutual entries at 5% for the 2012 policy year. Changes in the cost of the reinsurance programme will be reflected in each Member’s premium. The deferred call is 25% of the advance call for 2012, and the 25% deferred call budgeted for 2011 [...]
Read more »Steamship announces 5% standard increase
3 November 2011
Posted in Blog
Tagged: general increase, marine insurance, P&I
The Steamship Mutual has announced a 5% standard increase for mutual and fixed business before any changes in the reinsurance costs are taken into account for the 2012 year. Standard deductibles will be increased to a minimum of USD5,000 and all deductibles below USD25,000 will be increased by USD1,000. Release calls for the 2009/10 and [...]
Read more »Britannia announces 5% General Increase
3 November 2011
Posted in Blog
Tagged: general increase, marine insurance, P&I
The Britannia Club has announced they will seek a 5% increase on advanced calls prior to any change in the reinsurance costs for the 2012 renewal. Such increases will be before any changes in the reinsurance costs. In addition, minimum deductibles have been set at USD7,500, USD1,500 and USD3,000 for cargo, crew and others respectively. [...]
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