Daily Digest: P&I rate hikes fall short, LMA calls for digitalisation quick wins, Skyward approved for Apollo buy

Catch up on the essential news and analysis from the Insurance Day experts

P&I clubs ‘only getting half their rate hike demands’ Protection and indemnity (P&I) clubs are having a hard time securing much more than half the headline premium increases they have demanded from shipowners in the latest renewal round, according to a leading broker in the sector. The comments from Gallagher managing director, marine P&I, Alex Vullo, came as upwards of 85% of the world fleet seeks to hammer out the terms of liability cover for the 2026/27 policy year by a hard deadline of February 20. But UK Club chief executive, Andrew Taylor, set out a more upbeat stance, saying claims pressure justifies the rate hikes and insisting clubs will not be a soft touch in the months ahead.