London Club Sets 10% General Increase, Deductibles up by $2,000 in P&I

The London Club has set a 10% general increase for renewals into policy year 2021-22. It is seeking to increase deductibles by $2,000.

The Club said that “the challenging picture for Pool claims comes at a time when the impact of Covid-19 on P&I liabilities has still to unfold fully; when rating levels in the sector remain under pressure; and when the Club’s recent combined ratios exceed the Board’s risk appetite”…