Steamship Mutual is joining the race to diversification that is one of the most notable trends in the protection-and-indemnity (P&I) club market.
The P&I club is to offer hull war risks cover and related insurances for piracy, as well as crew kidnap and ransom.
The cover will be written by the Steamship Mutual but heavily reinsured with underwriters, likely to be in the Lloyd’s of London market.
The
