Sirküler

December 2017 / International Group Clubs - P&I / FDD Renewals 2018 / 19 - Continues

More Clubs have now declared their new year policies which are as follows.  We understand Swedish Club to issue their circular in a few days. The detailed circulars are also attached hereto.

As usual once the group reinsurance contract is renewed, the difference compared to the previous year (whether up or down) will be reflected on the members agreed renewal premium for 2018, except the Shipowners Club.

Below you can find our comparison table of Group Clubs.

 

2018 / 19

P&I

NOTES

American

0

No change in deductibles.

Britannia

0

No change in deductibles.

Gard

0

No change in deductibles.

Japan

0

No change in deductibles.

London

0

US$1,000 increase to deductibles, with an increase of US$2,000 to apply to those involving crew and other persons.

North.O.E.

0

deductibles below US$25,000 to increase by a minimum of US$1,000.

Shipowners

0

No change in deductibles and inclusive of reinsurance cost.

Skuld

0

No change in deductibles.

Standard

0

Deductibles for the P&I class by 10% with deductibles below $20,000 increased by $2,000. Club will also return to its members a 5% of their 2017/18 premium.

Standard (London)

(fixed premium entries)

0

No change in deductibles.

Steamship

0

No change in deductibles.

Swedish

   

U.K.

0

No change in deductibles.

West.O.E.

0

No change in deductibles.

 

 

 

   

 

 

 

 

2018 / 19

FDD

NOTES

American

0

No change in deductibles.

Britannia

0

No change in deductibles.

Gard

0

No change in deductibles.

Japan

0

No change in deductibles.

London

0

No change in deductibles.

North.O.E.

0

No change in deductibles.

Shipowners'

0

No change in deductibles.

Skuld

0

No change in deductibles.

Standard

0

No change in deductibles.

Standard (London)

(fixed premium entries)

0

No change in deductibles.

Steamship

0

No change in deductibles.

Swedish

   

U.K Defence

0

No change in deductibles.

West.O.E.

0

No change in deductibles.