P&I prices are likely to rise by 5%-10% at the 2026 renewal, according to Lockton.
In a report, the broker highlighted mounting financial pressures on the International Group of P&I Clubs despite only “modest” premium increases.
Lockton
P&I rates to increase 5%-10% at 2026 renewal: Lockton
The 2024-25 period has been the worst on record for claims, with costs of $775mn+.