International Group Reinsurance Programme for 2017/18 Policy Year 15 December 2016 No.16-017 Download PDF (301KB) We are pleased to announce that the International Group (IG) Reinsurance Programme for 2017/18 policy year has now been concluded.   1. General Structure The general structure of the IG Reinsurance Programme for 2017/18 policy year is as follows; ● Club retention  :USD10 million (unchanged) ● Pool retention  :USD100 million (USD90 million in excess of USD10 million) ● General Excess Loss Cover     :USD2 billion (USD2 billion in excess of USD100 million) ● Collective Overspill Cover  :USD1 billion (USD1 billion in excess of USD2.1 billion)   Please see the attached diagram for further details of the programme.   2. Limits on the Cover The following special limits on the Club cover for 2017/18 policy year are applied to the Owners’ entry. Oil Pollution :USD1 billion Passenger :USD2 billion Passenger and Crew combined      :USD3 billion 3. The IG Reinsurance rates for 2017/18 policy year The IG Reinsurance rates per GT for 2017/18 policy year including the excess war risks cover and MLC reinsurance cover are as follows;   Category   2017 PY   % change from 2016 PY   Dry Cargo   ￠ 41.14   ▲ 9.32%   Dirty Tanker   ￠ 59.55   ▲ 9.32%   Other Tanker   ￠ 26.75   ▲ 5.01%   Passenger   ￠ 333.19   ▲ 5.00%   4. Background on the changes in rates The 2016/17 policy year has so far produced no claim which exceeds the pool retention of USD80 million and therefore impacts on the General Excess Loss Cover.  This, combined with increased market capacity, has resulted in a rate reduction for all categories of vessels. 10148.pdf (45KB) Underwriting Circular ロスプリベンション Japan P&I News ナイロビ条約 日本 組合員限定 --> Most read News International Group Reinsurance Programme for 2018/19 Policy Year International Group Reinsurance Programme for 20