London, UK, 24 February 2025 – West is pleased to announce a successful 2025 renewal across all business lines, with premium increases exceeding the objectives set by the Board.For the third consecutive year, Member retention was over 99.5% and the Club is encouraged to report continued support from existing Members, with strong organic growth at renewal, and throughout the 2024/25 Policy Year.
Several new Members were also welcomed to...
Strong 2022 renewal result for Standard Club
The Standard Club, a leading shipping protection and indemnity mutual insurer, has announced its renewal results for 2022. 98% of the existing membership has renewed and with significant organic growth from existing members, together with a number of new members joining, the club now insures 158m gross tons having grown by 11m at renewal.
Commenting on the results, Jeremy Grose Chief Executive said:
“We are pleased to have such a strong...
https://allaboutshipping.co.uk/2022/02/23/strong-2022-renewal-result-for-standard-club/
North P&I reportsa successful February 2022 P&I renewal with overwhelming member support
The P&I sector has faced a difficult period experiencing the challenges of COVID-19, record International Group pool claims, surging crew claims and higher reinsurance costs.
“Despite the challenges of 2021, North has made progress against our Key Strategic Goals,” said Paul Jennings, Chief Executive, North P&I. “We have secured the necessary premium growth across both our mutual and diversified...
P&I gets renewed
by Maria Kouliga-Pavlou, CEO and founder of Trinity Marine Services and president of HCLBA
Marked by many hurdles and challenges, Ship-owning Members’ Renewal Contracts, shared between the 13 Clubs of the International Group of P&I Clubs (IGA), which collectively insure approximately 90% of the world’s ocean going tonnage, concluded at 20-02-2021.
2020 has been a year unlike any other!
Impacted by the restrictions imposed by the COVID-19 pandemic, with lack of...
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club
American Club circular no. 36/119 – Background to the 2020 American Club Renewal…
At its meeting in New York earlier today, your Board...
Paul Jennings, Chief Executive Officer, North P&I Club
20 February 2019 – North P&I Club has successfully concluded its 2019 renewal and, for the first time in the Club’s 159-year history, is projecting total entered tonnage to exceed 200 million gross tonnes. This landmark achievement further consolidates North’s position as one of the leading members of the International Group of P&I Clubs.
Paul Jennings, North P&I Club’s Chief Executive Officer said, “Our 2019 renewal strategy was very clear....