Skuld applies 5% General Increase for 2010
Renewals on all mutual classes will be subject to a general increase of 5% for 2010, although Members will be individually rated based on their loss record and risk exposure.
At the same time, the Club is seeking an increase in deductibles of a minimum USD2,500.
Any changes in the Club’s reinsurance costs will be applied to Members.
The 2006 policy year is now closed, and no further calls are currently expected for 2007 and 2008.
Release calls for the open policy years are set at 10% for 2007, 25% for 2008, 25% for 2009 and 25% for 2010.
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?
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%.
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.
26 March 2009
26 November 2008