International Group puts shipowner rates up 5.8% as $3bn treaty confirmed
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free trial
  • Log in

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

IG P&I logo cargo ship.jpg

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.

Axa

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Gift this article