Shipowners face average 5.8% rate increases under International Group of P&I Clubs renewal

Negotiations continue for Black Sea cover

The International Group of Protection & Indemnity Clubs (IG) has renewed its reinsurance programme for 2023/24 with a “small increase” in average rates for shipowners of 5.8%.

Led by AXA XL, IG said the renewal of its pooling and general excess of loss contract has been secured amid a difficu...


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