Claims and investment performance were the main factors behind The London P&I Club reporting a surplus of $25.9m and an increase of 22.4% in free reserves to $141.4m for the to year to Feb 20. This represents a 74.8% increase…

Read at London P&I Club sees 22%-plus rise in free reserves

Search to find what you want

• London P I Club reports higher net income and free reserves

    The London P&I club has reported a surplus of $25.9m for the year to February 20 2010 and a 22% increase in free reserves to $141.4m. The club said claims incurred net of reinsurance increased to $106.1m and while there… Read at London P&I Club reports surplus and higher free reserves

• Entries in the growing Asian American Club

    P&I insurer the American Club reports that its entries from Asia continue to show ‘energetic growth’, particularly those from China where the club’s managers opened a liaison office, in Shanghai, in November 2007. Asian entries now amount to nearly 20% of the club’s tonnage and there are ‘encouraging prospects for

• London P I Club Sets 5% general increase

    The London P&I Club’s Committee has set a general increase of 5% for P&I premiums for the 2010/2011 policy year. The Club’s open policy years are developing in line with expectations, and the general increase for the forthcoming P&I year… Read at London P&I Club sets 5% general increase

• London P I Club is concerned about out-of-date charts

    The London P&I Club has raised concern that out-of-date onboard charts and other nautical publications are continuing to prove a contributory cause of shipping accidents, despite requirements laid down by international legislation. On receiving reports from P&I ship inspectors that… Read at London P&I Club raises alarm over out-of-date charts

• Industry calls for new crew task liability

    Rising concern over the abandonment of crews following ship owner bankruptcy has propelled the government to amend legislations of liability, receiving full support and backing from the London P&I Club. As propounded in the London P&I Club’s 2009 Annual Report,… Read at Industry advocates new crew abandonment liability legislation

• Shipowners Club returns total income despite increase in claims arising

    Mutual marine liability insurer The Shipowners’ Club has reported a 4.5% increase in tonnage to 16.6m tons gross for the year to the end of February, with over 28,000 vessels entered. Gross premiums were up 4.5% to $174.2m. The club… Read at Shipowners’ Club returns overall surplus despite rise in incurred

• UK Club looks for better deals from U.S. prosecutors

    Thomas Miller (Americas) Inc says it is keen to “improve standards and increase the productivity” of US-based attorneys engaged to handle UK P&I Club members’ claims. Given the “geographical and jurisdictional challenges facing ship owners in the Americas and the frequency of high value P&I claims” the club’s managers say

• Americas Cup draft rules published

     (soundings) A draft of the protocol rules for the 34th America’s Cup was sent to the challenging teams in a joint initiative by the defender, San Francisco’s Golden Gate Yacht Club, and the challenger of record, Italy’s Club Nautico di Roma.  Source

• Boston Yacht Club holds annual Boat Parade

     (marbleheadpatch) Boston Yacht Club members celebrated their annual boat parade around Marblehead Harbor on Saturday, as members crowded the club’s dock-side porch and a cannon fired to salute the boats cruising past.  Source

• UK P I. Club warns on loading iron ore fines in India

    The UK P&I Club has warned owners of the safety hazards associated with loading iron ore fines in Indian ports. The warning follows incidents last year when two vessels capsized while carrying iron ore fines loaded in Indian ports and,… Read at UK P&I Club warns over loading iron ore fines