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October 2019 / International Group Clubs - 2020 / 21 P&I - FD&D Renewals Part 1

The IG Group's renewal season has just started. As a start, Britannia and Standard UK Club have declared their strategies as follows and with details as per their attached circulars.

Standard Ireland (London class) has not yet declared.

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 2019 unless specified otherwise.

Below you can find our comparison table of Group Clubs. We will provide updates when other clubs declare their strategies.

 

2020/ 21

P&I

NOTES

American

   

Britannia

0

Individual Performances will determine if an increase needed. No change to Deductibles.

Gard

   

Japan

   

London

   

North.O.E.

   

Shipowners

   

Skuld

   

Standard UK

+7.5%

Deductibles below $20,000 up by $2,000. Those above $20,000 up 10%

Standard Ireland (London Class)

   

Steamship

   

Swedish

   

U.K.

   

West.O.E.

   

 

 

 

   

 

 

 

 

2020 / 21

FDD

NOTES

American

   

Britannia

0

Individual Performances will determine if an increase needed. No change to Deductibles.

Gard

   

Japan

   

London

   

North.O.E.

   

Shipowners'

   

Skuld

   

Standard UK

+7.5%

No change to deductibles.

Standard Ireland

(London Class

   

Steamship

   

Swedish

   

U.K Defence

   

West.O.E.