October 2021 / International Group Clubs - 2022 / 23 P&I - FDD Renewals - UK Club - Part 2
Dear All,
UK Club’s circular is attached and brief notes are mentioned in our table below. Club has decided to ask for 12.5% for mutual P&I entries after a review of their financial position. UK Defence Club has not yet announced their strategy.
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 unless specified otherwise.
Below you can find our comparison table of Group Clubs.
2022 / 23 |
P&I |
NOTES |
American |
||
Britannia |
||
Gard |
||
Japan |
||
London P&I |
||
North.O.E. |
||
Shipowners |
||
Skuld |
||
Standard UK |
||
Standard Ireland (London Class) |
||
Steamship |
||
Swedish |
||
U.K. |
+12.5% |
No change to deductibles other than |
West.O.E. |
+15% |
Plus 15% on deductibles with a minim of $2,500 applying. |
2022 / 23 |
FDD |
NOTES |
American |
||
Britannia |
||
Gard |
||
Japan |
||
London P&I |
||
North.O.E. |
||
Shipowners' |
||
Skuld |
||
Standard UK |
||
Standard Ireland (London Class) |
||
Steamship |
||
Swedish |
||
U.K Defence |
||
West.O.E. |
+15% |
No change to deductibles |