P&I rate increases for 2025 are 'absolutely not justified': Cracknell
‘I can’t see any justification any club can present for the 2025 renewal for a general increase. For some clubs, business is extremely profitable,' Cracknell says
Back-of-an-envelope calculations suggest International Group member clubs will record $1.3bn in surplus this year, which should be plenty for not-for-profit mutuals, Marsh Specialty managing director, Mark Cracknell, contends