The UK P&I Club, one of the leading shipping protection and indemnity mutual insurers, today announces its renewal results for 2020.
The Club delivered a strong, disciplined renewal in a competitive market. Mutual tonnage stands at 143 million gross tons and the Club continues to add carefully selected tonnage with an encouraging number of future commitments from existing Members.
Andrew Taylor, Chief Executive of Thomas Miller P&I, says: “The Club is committed to delivering high standards of service and innovative safety initiatives for our Members. We continue to seek ways to deliver P&I cover at competitive rates while retaining focus on individual Member rating adequacy. The Club emerges from this renewal in a stronger position for 2020 and beyond. The UK Club and its Board greatly appreciates the continuing commitment of the membership and the support of the insurance broking community during the 2020 renewal.”
