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Steamship chief says double-digit rate hike is ‘solid step’

Premium increases in the 12.5%-15% band emerging as norm at next renewal round, with most other clubs due to set out stalls for the year ahead in the next few weeks

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‘It was necessary to make progress towards a balanced combined ratio. This is a very solid step in that direction and I daresay other clubs would say the same thing,’ says chief executive

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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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