P&I Renewals

Skuld achieves robust growth in 2025/26 P&I renewal

Oslo: 25 February 2025—Skuld, a leading global marine insurer, is delighted to announce a successful renewal of its protection and indemnity (P&I) policies for 2025/26. Skuld welcomes a notable number of new members, expanding its portfolio of entered mutual P&I gross tonnage (GT) on 20 February by 6%. This result excludes new and committed tonnage that will join Skuld during the 2025/26 policy year. 

As of 20 February 2025, Skuld’s mutual P&I tonnage for the 2025/26 policy year stands at 122...

https://allaboutshipping.co.uk/2025/02/25/skuld-achieves-robust-growth-in-2025-26-pi-renewal/

American Club Circular no.24/21 – Background to 2022 Renewal. Development of closed & open policy yrs. Levying of supplementary calls in prospect. Premium related requirements for 2022 Policy yr

American Club Circular no.24/21 – Background to 2022 Renewal. Development of closed & open policy yrs. Levying of supplementary calls in prospect. Premium related requirements for 2022 Policy yr

NOVEMBER 19, 2021CIRCULAR NO. 24/21TO MEMBERS OF THE ASSOCIATIONDear Member:BACKGROUND TO THE 2022 AMERICAN CLUB RENEWAL.DEVELOPMENT OF CLOSED AND OPEN POLICY YEARS.LEVYING OF SUPPLEMENTARY CALLS FOR 2018, 2019 AND 2020 (IN PROSPECT).PREMIUM AND RELATED REQUIREMENTS FOR THE 2022 POLICY YEAR.

https://allaboutshipping.co.uk/2021/11/19/american-club-circular-no-24-21-background-to-2022-renewal-development-of-closed-open-policy-yrs-levying-of-supplementary-calls-in-prospect-premium-related-requirements-for-2022-policy-yr/

Responding to one of the most challenging years on record, North P&I Club confirms sustainable approach to the forthcoming renewal

Responding to one of the most challenging years on record, North P&I Club confirms sustainable approach to the forthcoming renewal

l to r: Paul Jennings (CEO), Thya Kathiravel (CUO) and James Tyrrell (Chairman) – North P&I Club

Describing 2021 as “one of the most challenging years on record”, North P&I Club’s latest Pre-Renewal Report, published today, calls for “robust action” in the form of increasing mutual P&I rates at the forthcoming renewal to confront the challenge of mounting claims...

https://allaboutshipping.co.uk/2021/11/18/responding-to-one-of-the-most-challenging-years-on-record-north-pi-club-confirms-sustainable-approach-to-the-forthcoming-renewal/

Shipowners Club Renewal 2022/2023

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/

North posts solid renewal results after P&I’s challenging year

North posts solid renewal results after P&I’s challenging year

l to r: Paul Jennings, Chief Executive and Thya Kathiravel, Chief Underwriting Officer, North P&I Club

North P&I Club has reported continuing growth in its diversified business lines and solid progress in raising premiums to reflect market conditions and is expecting to see a small tonnage reduction after a planned de-risking exercise.
 
The attention to risk, revenue and diversification leaves the global marine insurer in robust...

https://allaboutshipping.co.uk/2021/02/23/north-posts-solid-renewal-results-after-pis-challenging-year/