· Despite challenges, American Club experiences stability with the 2024 P&I renewal. · 93% Member retention rate. · 2023/2024 policy year combined loss ratio tracking at 103%. · Average premium dollar per gross ton…
Mr Anastasios Maraslis – Founder / President of *Marasco Marine Ltd Protection and Indemnity (P&I) insurance is a cornerstone of maritime commerce, safeguarding shipowners and operators against third-party liabilities. As…
NOVEMBER 17, 2023 CIRCULAR NO. 17/23 TO MEMBERS OF THE ASSOCIATION Dear Member: THE 2024 AMERICAN CLUB RENEWAL. DEVELOPMENT OF CLOSED AND OPEN POLICY YEARS. LEVYING FINAL CALL AND CLOSING…
Worries rise about inflation as energy costs soar again FTSE 100 falls on the open as concerns about global growth persist Choppy trade on Wall Street as US economy slows…
Gothenburg: March 24 – Following a challenging year across the industry, The Swedish Club reported strong renewals for 2022, in line with targets and achieving a volume growth (year on year)…
Strong 2022 renewal result for Standard Club The Standard Club, a leading shipping protection and indemnity mutual insurer, has announced its renewal results for 2022. 98% of the existing membership…
North P&I reportsa successful February 2022 P&I renewal with overwhelming member support The P&I sector has faced a difficult period experiencing the challenges of COVID-19, record International Group pool claims,…
P&I gets renewed by Maria Kouliga-Pavlou, CEO and founder of Trinity Marine Services and president of HCLBA Marked by many hurdles and challenges, Ship-owning Members’ Renewal Contracts, shared between the…
Steamship Mutual Renewal 2020 London, 02 March 2020 Dear Members, At renewal on 20 February 2020 the Club continued to strengthen its position. Over the year, including renewal, entered owned…
Total mutual tonnage surpasses 100m GT in West’s 150th year West of England P&I Club today announced the successful completion of its 2020 renewal. Mutual owned tonnage increased by 10m GT…
The American Club enjoys a solid 2020 P&I Renewal AMERICAN CLUB ENJOYS A SOLID 2020 P&I RENEWAL BOTH MUTUAL AND FIXED PREMIUM SECTORS RECORD CREDITABLE PERFORMANCES AMERICAN HELLENIC HULL SEES…
Shipowners’ Club Renewal 2020/2021 At the 2019 half year point, the Club reported a Combined Ratio of 105.9%, with an underwriting deficit of US$ 5.7m. This represented a deficit higher…
American Club circular no. 36/119 – Background to the 2020 American Club Renewal… NOVEMBER 14, 2019 Â CIRCULAR NO. 36/19 Â TO MEMBERS OF THE ASSOCIATION Â Dear Member: BACKGROUND…
20 February 2019 – North P&I Club has successfully concluded its 2019 renewal and, for the first time in the Club’s 159-year history, is projecting total entered tonnage to exceed…
February 21, 2018 – North P&I Club has consolidated its position as one of the leading members of the International Group of P&I Clubs, with controlled growth in total entered…
Gothenburg 21 February 2018: The Swedish Club has reported results for the 2018 renewal season in line with its focus on quality business and expert approach to managing current and future risks.…
Following the recent completion of the 2018 renewal, the London P&I Club saw an encouraging 2.5m gt, or 5.8% year-on-year increase in its mutual business, to 45.4m gt. The club’s underwriting…
Moving into the new P&I policy year, the London P&I Club is in good shape after a busy renewal period. Instances of corporate consolidation and strategic management changes led to…
At the closure of the renewal season The Swedish Club is pleased to report performance in line with expectations and consistent with its strategy of balanced growth on a firm…
North P&I Club is stronger after its annual renewal on 20 February 2017, further consolidating its position as one of the leading members of the International Group of P&IÂ Clubs. According…
Moving into the new P&I policy year, the London P&I Club has seen further growth in its owners’ tonnage, in addition to strong growth in its charterers’ book of business. …
Directors of the 175 million GT, ‘A’ rated North P&I Club have decided to set a general premium increase of 2.5% for both protection and indemnity (P&I) cover and freight demurrage and…
Saga facility seeks to transform marine hull market by offering special terms for older tonnage,  By James Brewer As the renewals season for much of the world’s fleet approaches, interest…
Expansion of global network follows 19% premium growth for DGS Marine in February P&I renewals DGS Marine, a leading global P&I (protection and indemnity) management provider, and exclusive manager for the…
Healthy Increases in Tonnage and Premium NEW YORK, FEBRUARY 26, 2014: The American Club, the only mutual protection and indemnity insurer domiciled in the Americas, has today revealed very…