The UK P&I Club has announced a 6.5% increase in premiums in 2025, the highest by the main market players so far.
The third-largest member of the International Group of P&I Clubs by tonnage and premiums said projected pool losses from an increased rate of casualties and inflation were behind increasing costs.
Four of the 12 members of the International Group have announced their planned increases, and brokers say others are likely to request larger increases than the UK Club.
