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IGP&I completes 2025/26 reinsurance renewal amid rising claims

Summary by ReinsuranceNe.ws

The International Group of P&I Clubs (IG) has finalised its 2025/26 Group Excess of Loss Reinsurance contract (GXL) structure, demonstrating continued support from key reinsurance partners despite a challenging year marked by increased pool claims and an active hurricane season. Following quieter years for claims in 2022/23 and 2023/24, the 2024/25 policy year has seen a rise in claims activity, including the Baltimore Bridge incident, returning…

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ReinsuranceNe.ws

IGP&I completes 2025/26 reinsurance renewal amid rising claims

The International Group of P&I Clubs (IG) has finalised its 2025/26 Group Excess of Loss Reinsurance contract (GXL) structure, demonstrating continued support from key reinsurance partners despite a challenging year marked by increased pool claims and an active hurricane season. Following quieter years for claims in 2022/23 and 2023/24, the 2024/25 policy year has seen a rise in claims activity, including the Baltimore Bridge incident, returning…

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ReinsuranceNe.ws broke the news in 2 months ago on Wednesday, December 18, 2024.

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