The Swedish Club, the last of the protection and indemnity clubs to declare its strategy for the 20 February renewal, is seeking a 5% general increase.
The decision, agreed at a meeting of the club’s shipowner directors in London, coincided with the mutual’s P&I portfolio passing the 50m gross tons mark.
Although 60% of the P&I clubs have opted for 5% standard increases, the board meeting was warned that claims appear to be on an upward trend.
The
