Independent journal on economy and transport policy
02:16 GMT+1
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Pocketbook P&I of The Swedish Club has reached the quota record of beyond 50 million tsl
Decided an increment of 5% of the prizes for the cover of protection and indemnification
December 2, 2011
In the 2011 pocketbook in the branch Protection & Indemnity (P&I) of the Swedish insurance agency The Swedish Club it has reached the quota record of beyond 50 million tons of tonnage. The managing director of the group has announced yesterday, Lars Rhodin, in the course of a reunion of the Board of the Club to London.
Examining in general terms the market of the marine insurances, Rhodin has found that all the clubs international have assisted to a recent increment of the entity of the lefts and their frequency, let alone of the branch inflation, and has evidenced that the total situation demands the maximum attention.
In the course of the meeting the Board of the company has for exercise 2012-2013. "These increases - Rhodin has explained - are absolutely online with the branch inflation and they are not in contrast with the other members of the international group of the P&I Clubs. Draft of a prudential approach. The increases reflect the current truth of the market: a rise of the frequency and gravity of the lefts with an inflation of branch that is time between 3% and 5%".
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