Technical Feature - P&I Clubs - Calm seas again for P&I Clubs
Source: Asia Insurance Review | Jan 2010
The financial crisis gloom is receding and most P&I Clubs are seeing positive results and better investment returns in 2009. Still, caution rules as the Clubs through the lessons learn in the crisis are clear that there must be an adequate price charged for the risks undertaken and without relying on investment incomes. With the Clubs expanding their Asian business, we revisit the question on the need for an Asian based PI mutual insurer while bringing you an overview of the assessment of the performance and prospects of seven of the Clubs.
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