A re-rating of underperforming fleets is in prospect at the Standard Club against a background of a general increase of 5%.
The shipowner directors of the club have decided that the terms for a minority of members whose whole claims and exposure are out of line with premiums need to be addressed.
“These members should expect to incur significant premium increases and changes in terms which more accurately reflect their individual record and exposure,” warned chief executive Jeremy Grose.
The
