International Group puts shipowner rates up 5.8% as $3bn treaty confirmed
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International Group puts shipowner rates up 5.8% as $3bn treaty confirmed

Aisling Finn
16 January 2023
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The International Group (IG) has finalised its core P&I reinsurance contract for the 2023/2024 policy year with an average rate rise of 5.8% for shipowners.

The increases charged to shipowners vary by vessel type, with clean tankers and FCC seeing a 10.5% rate increase, the largest increase out of all lines, while passenger risks renewed flat.

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