Steamship Mutual sets general increase for 2010 P&I renewal
The Club’s directors have set the standard increase for P&I at 5% prior to assessment of individual Member’s profile. 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.
It is anticipated that there will be no further call to the additional premiums already announced for 2007/08 and 2008/09 policy years. The fourth instalment of Class I P&I 2009/10 mutual premium will be debited on 20th November in the normal way.
For a full copy of the Club’s announcement, please contact FP Marine Risks.
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