Marine P&I clubs eye steeper rates at 1/1 after brutal year: Lockton

Marine protection & indemnity (P&I) clubs are expected to push through premium rate increases of 5–10% at the January 1 renewals, as they move to stabilise underwriting results after one of the most challenging years in a decade, re/insurance broker Lockton believes.

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Marine P&I clubs eye steeper rates at 1/1 after brutal year: Lockton

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