Reed Smith advises North P&I and Standard Club on merger to create new global marine insurer
LONDON – Global law firm Reed Smith announces today that it is advising North P&I and Standard Club in their discussions for a proposed merger to create a new global marine insurer and one of the largest providers of mutual cover in the maritime industries. With 300 years of shared P&I heritage, the combined mutual insurer would provide cover for vessels equivalent to 400M gross tonnage.
This announcement...