UK P&I Club takes measured 2027 P&I premium renewal position as it continues plans to reinforce resilience and support for Members

AI Summary

The UK P&I Club’s board approved a 4.5% general premium increase for the 2027 policy year. The club cited claims inflation and the rising cost and complexity of major casualties, while reporting that 2026/27 performance remains on expectations and pool claims have been relatively benign.

The Board of the UK P&I Club has agreed a 4.5% General Increase for the 2027 policy year reflecting continuing claims inflation and the rising cost and complexity of major casualties. The Club’s 2026/27 performance remains in line with expectations. Pool claims have been relatively benign during this period, and whilst retained claims have been ...