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P&I club renewal update 2024

Our annual P&I club renewal updates provide information on P&I club renewal policies, supplementary call history, general increase history, International Group reinsurance rates, and P&I release calls.
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Our annual P&I club renewal updates provide information on P&I club renewal policies, supplementary call history, general increase history, International Group reinsurance rates, and P&I release calls.

P&I club renewal 2024

General increase update

P&I Renewal Tracker

Date of committee meeting General increase Percentage general increase P&I Percentage general increase FD&D* Deductible changes Comments Link to P&I club announcement
American November 15-16
Britannia October 24
Gard w/c October 30
Japan November 20
London October 17-18 The Board Meeting has been held but the circular has been delayed.
NorthStandard w/c November 13
Shipowners’ October 31
Skuld November 14
Steamship October 23-24 YES 5% 5% No mandatory increase but deductibles will be reviewed depending on risk and record. Subject to regulatory approval, there will be a distribution equivalent to 7.5% of the 2023/24 mutual P&I premium. Steamship Mutual Circular
Swedish December 7
UK November 6 N/A
UK Defence Club November 16 N/A
West November 6-7
Source: Marsh Specialty
* FD&D is freight, demurrage and defence

To discuss further details of a club’s policy, or other P&I club issues, please contact your Marsh Specialty advisor.