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November 2019 / International Group Clubs - 2020 / 21 P&I - FD&D Renewals Part 3

In continuation of our previous Part 2 email, we would like to share the announcement of London Club and Skuld.  Their circulars are attached and brief notes are mentioned in our table below.

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

0

No change to deductibles

Japan

   

London P&I

+7.5%

No change to deductibles

North.O.E.

   

Shipowners

   

Skuld

0

Records individually be assessed. All deductibles below USD 25,000 to increase by USD 2,500 and RDC/FFO deductibles to USD 50,000.

Standard UK

+7.5%

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

Standard Ireland (London Class)

   

Steamship

+7.5%

Deductibles below $20,000 up by $2,000

Swedish

   

U.K.

0%

Although no general increase Club aims to boost premiums up by 7.5% overall

West.O.E.

   

 

 

 

   

 

 

 

 

2020 / 21

FDD

NOTES

American

   

Britannia

0

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

Gard

0

No change to deductibles

Japan

   

London P&I

+7.5%

No change to deductibles

North.O.E.

   

Shipowners'

   

Skuld

0

Records individually be assessed. No change to deductibles.

Standard UK

+7.5%

No change to deductibles.

Standard Ireland

(London Class

   

Steamship

+7.5%

No change to deductibles.

Swedish

   

U.K Defence

   

West.O.E.

   
Attachments:
Download this file (London 2020.pdf)London 2020.pdf[ ]168 kB
Download this file (Skuld 2020.pdf)Skuld 2020.pdf[ ]76 kB