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P&I clubs ‘set the tone’ during renewal round

Most P&I clubs emerged from the 2020 renewal with most of their book intact and their balance sheets strengthened by improved investment returns, according to a report from Arthur J Gallagher

‘Negotiations were slower to get going than in previous years and were perhaps tougher in nature, with the majority of clubs setting the tone by the general increase levels called,’ a leading broker said

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