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Swedish increase

Maritime Risk International

Swedish increase

The board of The Swedish Club has announced a 5 per cent general increase, for P&I in 2020. After four years of zero general increase, the Club believes that premium levels across the industry have eroded to a point where expected claims cannot be met adequately. While investment returns have been healthy during 2019, the Club does not anticipate generating similar levels of returns in the investment environment forecast. The board further decided not to levy any general increase on the FD&D (freight, demurrage and defence) class.

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