North P&I Club opts for 7.5 percent general increase at February 2020 renewal


Directors of North P&I Club, a global marine insurer, have decided to set a general increase of 7.5 percent on protection and indemnity (P&I) and freight, demurrage and defence (FD&D) premiums for the 2020/21 policy year. They said the increase is considered necessary to maintain the North P&I Club’s financial strength and stability in a climate of rising International Group Pool claims and premium erosion.

North P&I Club, Marine, Insurance, Reinsurance, Pratap Shirke, North America

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