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18 Dec 2020

The International Group Pooling and GXL Reinsurance contract structure for 2021 have now been finalised.

The International Group’s renewal rates for 2021. In a year of unparalleled disruption as a result of COVID-19 the International Group’s pooling arrangements and the General Excess of Loss and Collective Overspill Programme (GXL programme) provide shipowners with a measure of stability and comfort as they plan and budget for 2021.
“The Group is committed to keeping under active review the ways in which clubs collectively deliver benefits for their shipowner members, and looking to the future, to ensuring that the Group’s pooling and reinsurance arrangements, which support the very comprehensive cover provided to the clubs' shipowner members, evolve and adapt to meet the challenges of new technologies which are being developed within the shipping industry and the new regulatory challenges facing both shipowners and marine insurers.”
Paul Jennings
International Group Chairman