Fixed P&I pioneer dies

Fixed premium protection and indemnity pioneer Michael Newbery has died following a sudden stroke.

He spent 26 years at the West of England Club rising to be claims director before setting up the Terra Nova P&I scheme in 1997 in partnership with Andrew Barker a senior underwriting colleague from the same club.

The two later established a P&I facility for the New York quoted Navigators insurance group where Newbery retired in 2007 although he continued as a consultant for another year.

Newbery (68) grew up in a shipping family – his father was a main board director of Canadian Pacific – so after qualifying as a solicitor it was no surprise that he joined a P&I club.

“He was a terrific and imaginative problem solver. Lots of P&I claims handlers’ response to a problem is to go down the legal route but Michael’s approach was to quickly and effectively sort out the issue and never appoint lawyers unless you had to. He was very effective,” says Barker.

Newbery leaves a widow, Alex, and grown up children.

A funeral service is to take place on Monday 23 June at West Herts Crematorium in Hertfordshire in the UK.