Britannia P&I returns $10m in capital to members despite underwriting losses

Britannia P&I has decided to return $10m to its members just as protection and indemnity insurers are feeling the financial strain of two difficult claims years

Repayment is being lined up despite Britannia recording one of the worst underwriting performances among the members of the International Group of P&I Clubs last year, as a result of a series of casualties.