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November 2019 / International Group Clubs - 2020 / 21 P&I - FD&D Renewals Part 6

In continuation of our previous Part 5 email, we would like to share the announcement of the Standard Ireland (London Class) who asks for no general increase for its mutual members.

 

The Club members with fixed premiums naturally are not subject to any general increase requests. Members’s renewal with adverse loss records will be subject to negotiations. Their circulars are attached and brief notes are mentioned in our table below.

The Club will not reflect any reinsurance cost difference (whether up or down) to its mutual members compared to the previous year. 

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

0

No change to deductibles.

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.

+7.5%

Deductibles below $25,000 up by $1,000.

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)

0

No change to deductibles.

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

0

No change to deductibles

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.

+7.5%

No change to deductibles

Shipowners'

   

Skuld

0

Records individually be assessed. No change to deductibles.

Standard UK

+7.5%

No change to deductibles.

Standard Ireland

(London Class)

0

No change to deductibles.

Steamship

+7.5%

No change to deductibles.

Swedish

   

U.K Defence

   

West.O.E.

   
Attachments:
Download this file (Standard London Class 2020.pdf)Standard London Class 2020.pdf[ ]140 kB