International Group Reinsurance Rates 2018/19
The International Group of P&I Clubs finalized and announced yesterday evening the arrangements for the renewal of the International Group’s general excess of loss reinsurance contract (GXL) and Hydra reinsurance program for the forthcoming 2018 policy year.
For the fourth consecutive year, the reinsurance premiums will be reduced across all tonnage categories, despite recent expectation stemming from the challenges faced this past year due to the catastrophe events occurring in 2017.
Please see here below analysis of reinsurance rates and adjustments from the 2017/18 policy year.
| 2017/18 ETC Rate USD per GT |
2018/19 ETC Rate USD per GT |
Adj in ETC rate USD per GT |
%AGE CHANGE from 2017 |
|
| Tanker Dirty | 0.5955 | 0.5845 | -0.011 | -1.85% |
| Tanker Clean | 0.2675 | 0.2626 | -0.0049 | -1.83% |
| Dry | 0.4114 | 0.4038 | -0.0076 | -1.85% |
| Passenger | 3.3319 | 3.2707 | -0.0612 | -1.84% |
[ Group Excess Reinsurance Rates 2018 ]
For more details please also visit https://www.igpandi.org/article/reinsurance-renewal-update-dec-2017
