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December 2019 / International Group Clubs - 2020 / 21 P&I - FD&D Renewals Part 9

 

In continuation of our previous Part 8 circular, we would like to share the announcement of the Swedish Club who asks for 5% general increase for P&I and no increase for FDD.

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.

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 2020 unless specified otherwise.

Below you can find our comparison table of Group Clubs.

 

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

+7.5%

No change to deductibles

London P&I

+7.5%

No change to deductibles

North.O.E.

+7.5%

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

Shipowners

+5%

No change to deductibles

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

+5

No change to deductibles

U.K.

0%

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

West.O.E.

+2.5%

No change to deductibles.

     
     
     

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

0

No change to deductibles

London P&I

+7.5%

No change to deductibles

North.O.E.

+7.5%

No change to deductibles

Shipowners'

+5%

No change to deductibles

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

0

No change to deductibles

U.K Defence

0

No change to deductibles

West.O.E.

0

No change to deductibles

Attachments:
Download this file (Swedish Club FDD 2020.pdf)Swedish Club FDD 2020.pdf[ ]369 kB
Download this file (Swedish Club PandI 2020.pdf)Swedish Club PandI 2020.pdf[ ]384 kB