West of England defends ‘fair and reasonable’ 7.5% rate hike
Rate erosion, record level pool claims and tanking investment returns will see all clubs push up prices, insists Tom Bowsher
P&I rates have been gradually eroding in real terms for a long period of time, which makes West of England’s 7.5% surcharge on next year’s premiums reasonable, according to the marine mutual’s chief executive. Other clubs in the International Group are likely to follow suit as well, he told Lloyd’s List
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792
E: subscription.enquiry@lloydslist.com
Request a Demo Getting a demo tailored to your needs is the best way to see how our solutions will help you gain an advantage.
Request Demo