UK P&I Club
UK P&I Club News
UK Insurers Join Cargo Safety Initiative
Safetytech Accelerator, a non-profit established by Lloyd’s Register, has confirmed that UK maritime insurers, the UK P&I Club and TT Club, have signed up for its Cargo Fire & Loss Innovation Initiative (CFLII).The Initiative, launched in February 2023, is a multi-year collaborative technology acceleration program focused on reducing cargo fires and loss in maritime and its impact. It is already supported by anchor partners COSCO Shipping Lines…
OneLearn Partners with UK P&I Club for Seafarer Training
OneLearn Global (OLG), the Cyprus-based full services learning technology, content and services provider, has enhanced and expanded its catalogue of seafarer training material, under a collaboration agreement signed with global insurer the UK P&I Club.Under the terms of the agreement, OLG will host 50 video and webinar courses developed by the UK P&I Club, on its Learning Management System (LMS), including a series of short (5-minute max) animations on such topics as vessel collisions…
Insurers Discuss Container Casualty Causes
Handling of steel boxes throughout the shipping, ports and logistics supply chain has historically grown exponentially, putting strains on a range of operational procedures and the physical hardware employed to handle the steel boxes, particularly onboard ships. A recent webinar organized by the Thomas Miller managed insurance mutuals, container freight specialist TT Club and protection & indemnity insurer…
INSIGHTS: Noose Tightens Around Iranian Shipping
Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed…
UK P&I Club Focus on Financial Stability
The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, emerges from the renewal to start the new policy…
UK P&I Club Advises on Charterparties in Bills of Lading
Amanda Hastings, Claims Executive at UK P&I Club, comments on incorporation of charterparties into bills of lading. The issue of incorporation of charterparties…
UK P&I Club Advises On Hatch Cover Maintenance
The UK P&I Club’s Loss Prevention Department, in conjunction with the IMCS Training Academy, advises on the importance of hatch cover maintenance: “Whether a ship’s hatch covers are weathertight is a seemingly simple question that should have a “Yes” or “No” answer. However, coming to the right conclusion is not as easy as may initially be assumed, requiring an understanding of hatch covers, their operation and industry requirements.
LR, UK P&I Club Launch Life-Saving Appliances Checklist
Lloyd's Register (LR) and the UK P&I Club have released a Life-Saving Appliances pocket checklist app to help ensure that ship personnel are trained in how to inspect…
UK P&I Club Sees Positive Renewal Season
The UK P&I Club, a shipping protection and indemnity mutual insurer, has announced its renewal results for 2016 following the closure of the renewal season on February 20, 2016.
UK P&I Club Sets 2.5% General Increase
The UK P&I Club, a provider of protection and indemnity insurance, agreed at its board meeting Monday that the General Increase for the 2016 renewal will be 2.5 percent.
UK P&I Club Awards 2014 Scholarship
The UK Club informs that Jan Kohzer has been selected as this year’s Robin Travis Scholar. From 1st September 2014, Jan will spend three months based in Thomas Miller’s London office.
UK P&I Club Announces Positive Renewal
Estimated increase of renewal premium of seven percent. For many UK Club Members, subdued earnings and a lingering shipping recession remain an unwelcome fact of life.
UK P&I Club Pocket Guide for Safe Carriage of Solid Bulk Cargoes
When bulk cargoes shift, liquefy, catch fire or explode as a consequence of poor loading procedures, the consequences can be massive. Ships may capsize, lose stability…
Disciplined Underwriting Increases UK P&I Club Free Reserves
The UK P&I Club, one of the largest and oldest providers of mutual liability insurance to ship owners, announced its financial results for the year ended February 20, 2013.
UK P&I Club Welcomes Standard & Poor’s Upgrade
It also noted the Club’s improved operating performance as evidenced by the combined ratio, strength of management strategy, and the improvement in its competitive position. Dino Caroussis, Chairman of the UK P&I Club, said: “This is a welcome endorsement by S&P of the UK Club’s efforts to maintain balanced underwriting and a strong capital position in an environment of rising claims costs and volatile investments.
UK P&I Club Restructures
Move intended to increase efficiency under Solvency 2. The UK P&I Club has announced that it is reorganising its structure to establish UK Europe as the sole provider of direct insurance to UK Club members. By reducing the number of separately regulated insurers from two to one, the UK Club aims to streamline governance, reduce compliance costs and manage more efficiently the Club’s solvency capital…
UK P&I Club Restructures to Increase Efficiency
The UK P&I Club has announced that it is reorganizing its structure to establish UK Europe as the sole provider of direct insurance to UK Club members. By reducing…
UK P&I Club Elects New Board
Seven directors were elected to the Board of the UK P&I Club at its AGM in Athens on the 27th October. After obtaining a postgraduate degree in industrial engineering, Ibrahim Güngen founded Güngen Foreign Trade Co Ltd with his brother Mehmet in 1976 and the business quickly became the biggest importer of molasses in Turkey. Mr Güngen has been chief executive officer of Güngen Maritime and Trading since 1990.
UK P&I Club Announces Increase for 2012
UK P&I Club announces 3 per cent general increase for 2012. The premium rating of all UK P&I Club Members will be increased by three per cent from 20th February 2012. This was agreed by the UK Club’s Directors at their meeting in Athens on 17th October. This decision was taken in response to continuing underlying claims inflation. Although the frequency of claims had reduced significantly in 2009, 2010 and 2011, the average cost per claim has continued to increase over this period.
UK P&I Club Capital Reaches Record High
In its Review of the Year 2011, published this week, the UK Club posted total assets of $1.6 billion. “We have achieved our goal of balanced underwriting so that all the $69 million investment return of the year is transferred to the reserves. The Club’s $478 million free reserves and capital are the highest they have ever been; our Members can be confident that the process of rebuilding the Club’s reserves has been successful.
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