Britannia Club reports a strong 20 February 2023 renewal with significant growth in owned tonnage. Indeed, the Club’s underwriting result has improved, as the combined ratio has dropped to 106.6% from 116.4% the year before. That being said, the Club…
Steamship Mutual has released its combined financial statement, reporting a 5% tonnage growth during the 2022/23 policy year and a combined ratio of 95.4%. Premium exceeded budget expectations and 2022/23 claims were significantly lower than what experienced in recent years…
The Swedish Club 151st Annual General Meeting (AGM) kicked off, in more ways than one, as more than 200 members and guests prepared to join for two days of networking, knowledge-sharing, and recreation. Early arrivals gathered to watch the eagerly…
Shipping losses fell to a record low in 2022, according to the just published Safety & Shipping Review 2023 from Allianz Global Corporate & Specialty (AGCS). However, it warned that an increase in the number of fires, a growth in…
Ukraine has sought guarantees from Russia and the UN that any agreement on the export of Black Sea grain would work normally if it permitted Russian ammonia to be exported across Ukrainian territory. Yuriy Vaskov, Ukraine's deputy renovation minister, told…
The United Arab Emirates is no longer taking part in operations by a US-led task force that aims to protect Gulf shipping, it said on May 31st. The UAE was responding to a Wall Street Journal report on Tuesday which…
Group Club NorthStandard has said that the first Annual Review published by NorthStandard as a consolidated business portrayed “an organization rapidly engaging with the challenges and opportunities facing P&I and already broadening its service portfolio”. For policy year 2022/23 NorthStandard’s…
UK Club has reported that for policy year 2022/23 its GWP exceeded $500m for the first time, a result of the Club expanding its fixed premium P&I business. It recorded a combined ratio of 104%, down from the 115% booked…
After successful conclusion of the 2023/24 P&I Renewals, we hosted again the annual Ski Trip in Austria, together with our friends from the London Market.
Two insurance groups have agreed to communicate when there is a common interest. Mutual protection and indemnity insurers have agreed to communicate with London’s commercial marine insurance market on claims where there is a common interest. The move is outlined…
