P&I renewal round sees 7.5% ‘going rate’ fail to stick
The 2020 renewal round has seen P&I clubs achieve firmer pricing for the first time in several years, but only around half the 7.5% general increase projected by many as the ‘going rate’ general increase last autumn
‘Maybe three, three-and-a-half-ish,’ says P&I broker asked to specify percentage point jump in what owners are actually paying
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