As the 2025-26 P&I renewal season concludes, the industry has once again navigated complex negotiations amid evolving market conditions. Maria Mavroudi, Founding Partner of Searock Marine Insurance Brokers, provides an overview of how this year’s Protection and Indemnity (P&I) renewals unfolded, highlighting key trends, challenges, and expectations for the P&I year ahead.
Market Overview
In 2025, shipowners continued to face a...