Gard announces no general increase for 2010
Tagged: P&I, premiums, shipping
The Board of Gard has decided that no general premium increase will be required for mutual and fixed premium P&I entries for the 2010 year. This is not to say that Gard will not be seeking increases, simply that those increases will be dependant upon each individual member’s exposure and loss record. In addition, any increase in the International Group reinsurance programme costs will be passed on to members.
Release calls remain at 10% for 2008, 50% for 2009 and 50% for 2010.
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