NorthStandard increase

NorthStandard has advised members of a 5 per cent increase in P&I premiums for the marine insurance year, starting 20 February 2026, to reflect ongoing market unpredictability and risk. It projects a rise in premium income for 2025/2026, as well as better returns on investments, higher reserves and continued success for its diversification strategy. However, it believes a modest increase for 2026/2027 is prudent in the current risk environment. Based on its position eight months into the insurance year, NorthStandard projects premium income of US$930 million for 2025/2026 against US$886 million in the previous year and free reserves of US$900 million (US$800 million).