International Group Reinsurance Rates 2018/2019

15 December 2017

Renewal terms for the IG’s General Excess of Loss Reinsurance Contract have been finalised; and the Group’s reinsurance rates for the year commencing 20 February 2018 are now shown below:

 Owned Entries  

Category

2018 rate per GT

% change from 2017

DIRTY TANKERS

$0.5845

% - 1.85

CLEAN TANKERS

$0.2626

% - 1.83

DRY CARGO VESSELS

$0.4038

% - 1.85

PASSENGER VESSELS

$3.2707

% - 1.84

Further information on the reinsurance renewal can be viewed on the IG’s website here. And details of other arrangements for the 2018/19 policy year will be set out in a Circular to be issued in February in the usual way.