The London P&I Club's mutual business is on the upswing from last year.
The mutual marine liability insurer saw its coverage increase 5.8% from 2017 to 45.4m gt, following recent booking of this year's renewal.
The renewal period generally saw rates come under pressure but 2017 marked a notable lowering in impact of mid-year churn on income, said underwriting director Reto Toggwiler.
