Are release calls a necessary part of insurance mutuals or are they, in practice, a penalty imposed on those with the temerity to quit a protection-and-indemnity club?
There was an even split of opinion as justification for release calls came under the spotlight at the Piraeus Marine Club’s annual P&I conference.
But there was also something of a consensus — that even if the principle of release calls was well founded, they were too high in some clubs.
