Technical Feature - P&I Clubs: Heading Towards Uncertain Times
Source: Asia Insurance Review | Jan 2009
With claims costs going up and insurers looking for premium increases in these difficult times, P&I Clubs need to be stringent about their underwriting as investment incomes are no longer a safety blanket they can hide under. Mr Simon Swallow, Commercial Director of Shipowners Protection Limited, calls on everyone in the industry – vessel owners, P&I mutuals, fixed premium P&I providers, insurers – to work together to ride out the current turmoil and for the International Group to forge ahead and continue its long and proud history.
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