North of England calls for General Increase for 2011 renewal
The Directors have decided to apply a General Increase of 3% to expiring premium rates, and Members with adverse loss records should expect higher increases.
In addition, any increase in the cost of the International Group Excess Loss Reinsurance Programme will also be applied to Members.
All deductibles for P&I Risks currently below USD5,000 will be increased by USD1,000.
Release call is set at 20% for 2010.
The cost of FD&D cover is to increase by 10%. Release call is set at 20% as well.
Recent articles
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?
14 July 2011
We recommend ways for freight forwarders to ensure the liability insurance they purchase will protect them when they need it most.
Blog
30 March 2012
A recent report has highlighted how the rate of total losses of marine shipping has fallen significantly over the last 100 years.
30 January 2012
As of 30 January 2012, the US has issued some important sanctions against a few major corporations and the EU has escalated its regulations on Iranian trade.
Press releases
9 May 2012
FP Marine Risks has received approval for an investment into Shanghai-based HY Insurance Brokers. Both companies are specialist marine insurance brokers.
26 March 2012
Since 2007, FP Marine Risks has been offsetting carbon emissions that are generated through the company’s air travel. This year, we have chosen the Gobi Gansu Wind Power project in China.
Opinions
26 March 2009
26 November 2008