There is no doubting the view of the Tysers broking group as the protection-and-indemnity clubs race towards next month’s annual renewal of cover.

A photo of a gold-plated Ferrari 458 Spider features prominently in an update to its P&I market report.

In a year without general increases, Tysers says the clubs have “nothing to report — other than wealth”.

The gold-plated Ferrari 458 Spider used by Tysers in an update to the insurance broking group's P&I market report Photo: Tysers

With more than $5bn in free reserves, a supercar — where you get no change from $250,000 — maybe looks affordable.