The Swedish Club has set a 12.5% general increase in premiums ahead of next February's policy renewal to address raising claims and underwriting losses.
The Gothenburg-based insurance mutual is the last of the 13 members of the International Group of P&I Clubs to announce its position on pricing ahead of next year's renewal.
All the 13 mutual P&I clubs have been hit by two record-breaking years of International Group pool claims and costly crew claims linked to the coronavirus pandemic.
