Trend | Range | |
---|---|---|
Domestic hull and machinery, good loss records | +5% to +7.5% | |
London/international hull and machinery, good loss records | +5% to +10% | |
P&I domestic | +5% to +7.5% | |
P&I crew domestic | +7.5% to +10% | |
Domestic primary marine general liability | +5% to +7.5% | |
Domestic excess marine liability | +5% to +10%, greater with underlying crew and towing exposure for 1st excess layer | |
London marine liability | +7.5% to +15% or more | |
USL&H mutual | Flat to +5% |
Underwriting in the current environment remains demanding.
International Group P&I Clubs
Burdens are increasing on both sides of the negotiating table.
Underwriters remain under scrutiny by their senior management, who have become much more involved in the process. This negatively impacts the renewal process from the buyer’s perspective.
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