Technical Feature - P&I Clubs: Gard Continues with Strategy to be Long-term Partner
Source: Asia Insurance Review | Jan 2009
One of the largest P&I clubs in the world, Gard’s overall volumes have continued to grow in 2008. Mr Richard Corwin, Regional Director of Gard AS, said that while it is almost impossible to escape the current problems in the financial markets, Gard did not suffer any credit losses due to the failure or suspension of any counterparties. He also tells Asia Insurance Review what the core purpose and strategies of Gard are, adding that history shows all too often that straying away from one’s core purpose is never a good thing.
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