Shipowners Club Renewal 2022/2023
At the half year point, the Club reported a Combined Ratio of 100.9%, with an underwriting deficit of US$ 0.9m. Having requested a 5% policy year General Increase in February 2021 it was expected that rating levels would be sufficient to return the Club to a breakeven underwriting position. Whilst the necessary premium increases are being secured as Members renew their entries, the level of claims arising from COVID-19 has been significantly higher than had been...
https://allaboutshipping.co.uk/2021/11/09/shipowners-club-renewal-2022-2023/