On this week’s podcast we are assessing the outlook for general increases, or GIs to those in the know, at the next P&I renewal round. The last two renewal rounds have seen most clubs ask for mid to high single digit rises and early indications suggest we should brace for more, but significantly, a handful have explicitly rejected the notion of GIs altogether. We get the expert analysis from Mark Cracknell, head of cargo and marine at megabroker Marsh JLT Specialty, Stephen Hawke, managing director of Lockton’s P&I broker affiliate PL Ferrari and West of England’s chief executive Tom Bowsher.
