Protection and Indemnity (P&I) Club Renewal 2021/22: General Increase Update

With all of the P&I clubs in the International Group having announced their 2021 renewal policies as of 7 December 2020, Marsh Specialty has published its P&I Club Renewal 2021/22: General Increase Update. The report findings indicate that the average general increase is 6.5% for the 12 P&I club in the 2021/22 renewal year (Skuld is excluded as they do not report this figure).

The report covers:

• The general increase announcements to date including any changes in deductibles.
• Supplementary call history.
• General increase history.
• International Group reinsurance rates.
• Links to the renewal circulars (released to date) on the P&I club websites.

More information about the P&I market is available to subscribers of the Marsh Specialty's P&I Portal.

If you would like to discuss how the findings of this report will help you during your renewal negotiations, or would like to know how to access the Marsh Specialty's P&I Portal, please contact your local Marsh Specialty representative in the Marine & Cargo practice.