London P&I Club – Class 5 P&I Supplementary Calls
14th October 2021
The London P&I Club, managed by A Bilbrough & Co Ltd., has announcedthat it will charge supplementary calls to its members for the 2019/20,2020/21 and 2021/22 policy years for the following amounts:
- 2019/20: 35% of the Annual Call;
- 2020/21: 30% of the Annual Call; and,
- 2021/22: 35% of the Annual Call.
The reasons given for the above unbudgeted supplementary calls is adversetrading conditions, soft premium ratings and high claims levels.
The combined ratio’s were 137% in 2019/20 and 136.7% in 2020/21.
As always, P.L. Ferrari remains on hand and ready to assist clients with thisdevelopment at the start of this year’s renewal season.
This newsletter, and our information archive, can also be accessed at www.plferrari.com
P.L. FERRARI & CO. S.r.l.