Marine

UK P&I Club announces General Increase for 2016 renewal

The UK P&I Club has announced that the General Increase for the 2016 renewal will be 2.5 per cent. The UK Club Board said it is “mindful of the continuing stress in certain sectors of the shipping market and has therefore set the General Increase for 2016 below the level of claims inflation. The General Increase reflects the Club’s commitment to maintain balanced underwriting and put the Club in the best position to meet the challenges of the future.”