Class 5 (P&I) and Class 8 (FD&D) – 2023/24 Renewal (8.118)

This circular sets out London P&I’s approach to the 2023/24 renewal for Class 5 (P&I) and Class 8 (FD&D), including the renewal basis, release call rates and payment arrangements.

London P&I notes the current year’s income and claims position, explains the impact of inflation and investment performance, and confirms that no general increase will apply to either class.