War Risks Renewals – Policy Year 2025/26 (7.136)

This circular sets out London P&I's war risks renewal terms for policy year 2025/26, including advance contribution rates, limited cover for nuclear, bio-chem and cyber exclusions, insured values, sublimits, additional premium areas, sanctions and related rules.

• Advance contribution rates were set from 20 February 2025.
• Limited reinstatement applies to certain excluded nuclear, bio-chem and cyber claims, subject to the stated limits and notice requirements.
• The circular also confirms insured value limits, the RUB claims sublimit, additional premium areas and sanctions provisions.