Steamship Mutual announces no General Increase for 2011 P&I and FD&D renewals
The Club’s directors have decided that no general increase will be sought this year, however individual Member’s record will be assessed as per usual.
Any adjustment in reinsurance costs, whether upwards or downwards, will also be passed on to the Members. No general increase will be sought for FD&D either.
Release calls have been set as follows: 5% for 2008, 15% for 2009, and 20% for 2010 and forthcoming 2011.
For a full copy of the Club’s announcement, please contact FP Marine Risks.
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