Technical Feature - P&I Clubs - UK Club : Premiums to have minimal reliance on investment income
Source: Asia Insurance Review | Jan 2010
While the UK Club anticipates a continuing downward claims trend for 2010 and beyond and has decided on a modest increase in general premium of 5% for the February renewal, it stresses that premium levels in the future should be set with minimal reliance on investment income. We find out from Mr Nick Whitear, Marketing Director of Thomas Miller P&I Ltd, the London agents of the UK P&I Club’s Bermudan management, about the Club’s plans and its expectations going forward.
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