P&I renewals update from Aon

The 2007 P&I renewal season has concluded after what was a more protracted process than many commentators were predicting, according to a P&I renewals update from Aon. “Although the P&I clubs’ advertised General Increases were in the single digit range – marking the lowest level for seven years – the renewal proved remarkably tough with most clubs sticking resolutely to their renewal requirements,” said Aon.