Premium income from Lockton’s P&I broking activity has soared from $27m, earned from placing cover for a fleet of nine million gross tons (gt) in 2015, to $340m, from a 109 million gt fleet this year.
Over three-quarters of the P&I business comes from Europe, reflecting the strength of the PL Ferrari operation, 20% from the Asia Pacific–Middle East region and only 4% from the US.
Lockton
