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P&I premiums in new cycle of hardening, says Skuld

Shipowners face several years of successive price hikes for P&I cover, as rates have hit a point where even this year’s hefty increases are not enough to restore break-even footing, argues club chief executive

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‘Clubs are not a break-even game anymore. We are regulated insurance companies, like all the others, with strict requirements for capitalisation and the regulations we adhere to,’ says Stale Hansen

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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