As announced by Shipowners:
For the third consecutive year, the Board has decided that no general increase will be applied to premiums for the 2017 policy year.
The Club understands the challenging market conditions that Members are currently operating in and will continue to provide first class support to our Members and brokers, in order to maintain and build on the trust they have in the Club.
The Club reports strong half year results and a positive investment return for the six months ended 30 June 2016. The Club also recorded a 98.1% combined ratio, which came in ahead of expectations.