International Group Clubs 2012 Market Review

P&I/FDD

The deductible changes announced by the International Group Clubs for 2012 are as follows:-

Club	P&I - 2012 Changes in Deductibles
American	No specific general increase in deductibles has been announced, although each Member may be reviewed on a case by case basis
Britannia	Cargo Claims US$7,500Crew Claims US$1,500All other Claims US$3,000
Gard	The standard deductibles will remain unchanged.
Japan	The standard deductibles will remain unchanged.
London	Deductibles below $15,000 to be increased by $2,000
North Of England	Deductibles currently below US$25,000 to be increased by US$1,000
Shipowners Mutual	Remains unchanged
Skuld	Remains unchanged
Standard	Deductible up to and including US$10,000 increased by US$1,000Deductibles over US$10,000 to be increased by 5%
Steamship Mutual	Deductibles increased to a minimum of US$5,000 and by US$1,000 for deductibles below US$25,000
Swedish Club	Deductibles in respect of Cargo and Crew Claims are to be increased by US$1000
U.K. Club	The standard deductible will be increased to $6,000 any claim per event, including fees and expenses, for the 2012 policy year (or the dollar equivalent in other currencies).Members will still be able to elect for different deductibles from the standard at an appropriate premium adjustment, but will be encouraged to agree the standard as a minimum.
West Of England	All deductibles of less than $20,000 including the deductibles in the Club's Rules (Rule 6) which are currently $5,000 will be increased by $1,000