Mutual marine insurers target pricing adequacy to offset 2024/25 underwriting deficit.

Protection & Indemnity (P&I) clubs person announced wide complaint increases up of nan 20 February 2026 renewal, arsenic they activity to negociate ongoing claims ostentation and volatility successful excavation claims, according to AM Best. 

In its latest report, AM Best notes that these increases are aimed astatine maintaining pricing adequacy and offsetting nan underwriting shortage from 2024/25. 

However, nan study warns that competitory pressures whitethorn make it harder for clubs to execute nan afloat complaint adjustments.

AM Best besides highlighted that sanctions consequence remains a cardinal concern, requiring clubs to actively negociate compliance and support shipowners successful knowing their obligations.
 

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