Company: International Group of P&I Clubs Page 1 / 1
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- December 20 2024
International Group P&I 2025-26 renewals see rate hikes across categories
Fully cellular container ships (FCC) experience the largest rate increase, rising by 23.6%, while clean tankers see an 8.9% increase.
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- December 10 2024
Japan P&I Club announces 7% premium hike for 2025 renewal amid inflation and uncertainties
The increase applies for owners’ and charterers’ entries, while rates for Japanese coastal vessels and FD&D cover remain unchanged.
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- September 18 2024
Russian insurers provide cover for 60% of Moscow’s oil exports to India: report
Signals a growing role by Russian carriers such as Ingosstrakh to facilitate oil shipments to India, its biggest buyer, despite western sanctions.
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- May 7 2024
Opinion: India’s marine insurance gambit poses questions of the West’s Russia sanctions
Indian regulator's approval to three new Russian insurers backed by the sanctioned Russian National Reinsurance points to tectonic shifts in the industry.
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- May 1 2024
Russian oil price cap ‘unenforceable’, says IG P&I
Over 800 tankers have left to join the so-called "shadow fleet", according to an International Group statement to a UK parliamentary hearing.
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- April 26 2024
India approves three new Russian marine insurers
New carriers, Alfastrakhovanie, Sogaz, VSK, and Ingrosstrakh, all backed by Russian National Reinsurance, have been allowed to provide cover to Indian shipments.
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- February 29 2024
IG P&I CEO: Asia remains a core and growing part of the clubs’ operations
The region has been the fastest growing for the industry for three decades and the sector recognises the need to provide services where they are located, Nick Shaw tells IAN.
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- February 19 2024
Skuld, Steamship and West P&I offer reinstatements as all clubs cancel Red Sea war cover
Some of the other clubs are still exploring solutions to offer buy-back cover from the reinsurance markets; Gard has announced an extension of cover for crew liabilities.
