Class 8 (FD&D) – 2024/25 Renewal (8.120)

This circular sets out London P&I’s approach to the 2024/25 renewal for Class 5 (P&I) and Class 8 (FD&D), including the targeted average rate increase, release call rates and payment arrangements.

It also explains the background to the renewal, including recent income and claims trends, investment performance and the Board’s cautious approach in light of inflation, interest rates and higher severity claims.