Insight and Intelligence on the London & International Insurance Markets

17 May 2012

Search archive

Other articles of interest
Omega buys extra reinsurance after cat-heavy year
Offshore liability rates continue to climb
Energy market fears BI losses from Elgin gas leak
Victory for Transocean insurers in BP liability case
Up to $1bn Concordia bill

International Group P&I reinsurance costs rise again

26 January 2009

Shipowners face a hike in premiums next month after the International Group of P&I Clubs (IG) unveiled general increases on all classes of vessel in its excess of loss reinsurance renewal, as the impact of heavy claims in 2006 and 2007 continues to be felt.

The biggest increase in IG reinsurance rates - which include premium paid to Bermudian captive reinsurer Hydra, collective overspill cover and excess war risk P&I - comes for dry cargo vessels, at $0.3695 per gross...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue January 2009/4

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π