October 2020 / International Group Clubs - 2021 / 22 P&I - FDD Renewals
Dear all,
Regarding 2021-22 P&I and FDD Renewals of International Group Clubs, please see below for the detailed chart.
The official circular of each Club are attached.
2021 / 22 |
P&I |
NOTES |
American |
+5% |
Also changes to deductibles as summarised above. |
Britannia |
0 |
Members renewals will be assessed individually. |
Gard |
0 |
Members renewals will be assessed individually. |
Japan |
+10% |
Only their standard deductibles levels have been increased as per circular |
London P&I |
+10% |
Also deductibles to increase by $2,000 |
North.O.E. |
+10% |
Also deductible increases as summarised above. |
Shipowners |
+5% |
10% increase in deductibles under US$ 50,000 and $500 increase for those under $5,000. |
Skuld |
0 |
Members renewals will be assessed individually. |
Standard UK |
+ 10% |
No change to deductibles |
Standard Ireland (London Class) |
+10% |
10% general increase for fixed premium entries due to reinsurance cost while no general increase for mutual members |
Steamship |
+ 5 % |
No change to deductibles |
Swedish |
+5% |
No change to deductibles |
U.K. |
+10% |
No change to deductibles |
West.O.E. |
+ 7.5% |
Deductibles below $14,000 shall be increased by $2,500. |
2021 / 22 |
FDD |
NOTES |
American |
+5% |
Also changes to deductibles as summarised above. |
Britannia |
0 |
Members renewals will be assessed individually. |
Gard |
0 |
Members renewals will be assessed individually. |
Japan |
0 |
No general increase |
London P&I |
+10% |
No change to deductibles |
North.O.E. |
+5% |
No change to deductibles |
Shipowners' |
+5% |
10% increase in deductibles under US$ 50,000 and $500 increase for those under $5,000. |
Skuld |
0 |
Members renewals will be assessed individually. |
Standard UK |
0 |
No change to deductibles |
Standard Ireland (London Class) |
+10% |
10% general increase for fixed premium entries due to reinsurance cost while no general increase for mutual members |
Steamship |
+ 5% |
the standard FD&D deductible to US$7,500 with the cap on a Member’s maximum contribution increasing to US$50,000. |
Swedish |
+10% |
No change to deductibles |
U.K Defence |
+5% |
No change to deductibles |
West.O.E. |
+ 7.5% |
No change to deductibles |