Financial Ports

P&I Clubs Eye 7.5% Premium Hike Despite $6.8bn War Chest

CLAVE 1 / 47.5% potential premium increase for P&I clubs in the coming year, despite strong financial reserves.

CLAVE 2 / 4$6.8bn in free reserves among the 12 clubs of the International Group, bolstered by reinsurance and pooling.

CLAVE 3 / 4Gard leads the market with a 25% share and $1.7bn in free reserves, allowing premium returns to members.

CLAVE 4 / 4Japan P&I Club achieved a 70% combined ratio, its fourth consecutive year of strong earnings.

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