2017 Reinsurance rates announced

The International Group today announced that it had concluded terms for 2017 in respect of the excess of loss reinsurance.

The revised rates for the 2017 policy year are set out below.

International Group General Excess of Loss Reinsurance Contract Renewal 2017 policy year

The International Group RI rates (per GT) including Hydra premium, Collective Overspill Cover and Excess War Risk P & I for the year commencing 20 February 2017 are as follows:-

Tonnage Category

2017 rate per gt

% change from 2016

DIRTY TANKERS

$0.5955

%  - 9.32

CLEAN TANKERS

$0.2675

%  - 5.01

DRY CARGO VESSELS

$0.4114

%  - 9.32

PASSENGER VESSELS

$3.3319

%  - 5.00

Further explanation is available on the International Group website

here.
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