Hugo Wynn-Williams, chairman, International Group of P&I Clubs / chief executive, Thomas Miller managers of UK Club:

“The early completion of the International Group reinsurance renewal arrangements, and the further favourable savings in shipowners reinsurance costs, which have been reduced by approximately $90m since 2014, should come as welcome news for shipowners, brokers and clubs alike in the run-up to the February 2017 P&I renewals.

The