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Standard Club to increase premium rates by 10%

Posted On: Nov. 25, 2022 9:54 AM CST

U.K.-based marine insurer The Standard Club Ltd. will increase its premiums across protection and indemnity classes by 10% in 2023 policy year, Hong Kong Maritime Hub reported. The increase in rates comes despite an improvement in underwriting results with the insurer’s combined ratio reaching 97% in this policy year.