New insights into the financial standing of the protection and indemnity (P&I) clubs are emerging as a result of the European Union’s Solvency II regulations — but the outcome is providing some surprises.
A series of Solvency and Financial Condition Reports (SFCR) recently issued by 11 of the 13 International Group clubs has provided significantly more information on their approach to risk and finances, but is also sparking market discussion about what to make of this data.
