Virtual renewal to hit owners with very real rate rises
Tension between clubs and their shipowner members is expected as the pandemic also forces negotiations to move from boardrooms to homes.
Technology to the rescue in clamour to seal deals ahead of renewal D-day
Brokers and underwriters are confident of getting through renewal negotiations despite the pandemic.
What we have now is a perfect storm, an accumulation of pool claims and no increase in premium
Lars Rhodin
P&I casualty costs soar in the age of mega ships and tougher environmental standards
Expensive wreck removals are also starting to strain relations between insurers and salvors.
Big data could play key role in reducing ship casualties
Deeper analysis is required to help insurers and their shipowner clients keep control of accidents, says broker.
International Group stays calm over eye-watering casualty bill
No need for panic despite expensive claims and concerns about higher reinsurance costs.
West of England insists diversification pays as investments show return
Chief executive Tom Bowsher says a strategy to widen its income streams has been successful.
Stale Hansen looks to shape Skuld into P&I club of the future
Chief executive wants a diverse business, with strong ESG principles and new working practices to emerge from the pandemic.
Pandemic increases insurers' focus on crew well-being and mental health
Crew health expert says P&I clubs have a role to play in helping get seafarers through the virus crisis.
Leading P&I mutuals continue to register fixed premium growth
Figures indicate that the non-mutual market is a key growth area as leading P&I clubs look to diversify income streams.