A fixed premium protection and indemnity association has been formed by insurers MS Amlin and Hydor to represent the interests of commercial marine P&I insurers.

Hydor energy and marine underwriter Liv Irene Loland has taken up the position of the chair of the newly formed Association of Commercial P&I Insurers (ACPII).

While mutual P&I insurers — which provide insurance to over 90% of the world’s ships — are represented by the International Group of P&I Clubs, purely commercial fixed premium P&I insurers do not have their own association.