NorthStandard has announced a 5% increase in P&I premiums for the 2026-27 insurance year.
The Club said the rise is needed because inflation remains high, market conditions are still volatile, and large claims in the International Group pool continue to be both costly and unpredictable. Although claims this year are fewer than last year, the insurer stressed that the overall risk environment remains uncertain.
The Club expects premium income of US$930 million for 2025–26, up from US$886 million, with free reserves rising to US$900 million. Investment returns are forecast to exceed 6%, and its S&P Global ‘A’ rating remains intact.
“NorthStandard’s Investments continue to perform, which is both good for our balance sheet and necessary to maintain our robust underwriting position,” said Chair Cesare d’Amico, noting the continued impact of inflation and volatility.
Managing Directors Jeremy Grose and Paul Jennings said diversification and new product lines have strengthened results, but large claims still pose significant uncertainty, making a modest premium rise necessary.
