Gard announces a 5% General Increase
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 remain unchanged at this stage.
The release calls for the open policy years are as follows:
2009: nil
2010: 10% of advance call
2011: 50% of advance call
2012: 50% of advance call.
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