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Steamship chief says double-digit rate hike is ‘solid step’

Premium increases in the 12.5%-15% band emerging as norm at next renewal round, with most other clubs due to set out stalls for the year ahead in the next few weeks

‘It was necessary to make progress towards a balanced combined ratio. This is a very solid step in that direction and I daresay other clubs would say the same thing,’ says chief executive

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