Swedish Club increase

In recognition of the need to maintain a balanced approach, the board of The Swedish Club has set a 10 per cent P&I general increase for 2023. The FD&D general increase has been set at 15 per cent. Managing director of The Swedish Club, Lars Rhodin, said: "It is essential for the long-term stability of the Club that premiums remain in line with exposures. The current geopolitical environment, coupled with a slow post-Covid-19 recovery, has left the world facing levels of inflation that have not been experienced for many years. We are seeing this trend reflected in claims inflation."