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London and other insurance centres have been closed by the pandemic, forcing protection and indemnity renewal negotiations online. Photo: Arpingstone/Public domain

Virtual renewal to hit owners with very real rate rises

Tension between clubs and their shipowner members is expected as the pandemic also forces negotiations to move from boardrooms to homes

20 January 2021 8:52 GMT Updated 20 January 2021 8:52 GMT

By Adam Corbett

in London

Protection and indemnity clubs are attempting to push through significant rate rises at this year’s policy renewal negotiations, many

Business Focus

Virtual renewal to hit owners with very real rate rises