Industry Segments: P&I Page 1 / 5
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- March 26 2025
Japan P&I Club overall tonnage falls 3% during 2025 renewal
The club had announced a 7% premium hike in 2025 for owners’ and charterers’ entries.
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- March 26 2025
Any port in a storm: Trump’s US port fee threat rocks the boat, but what does it mean for insurers?
Proposed US$1.5m levy per port call for ships with Chinese ties adds a layer of complexity for shipowners, charterers, and cargo interests.
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- March 20 2025
Steamship Mutual elevates Jamie Taylor as APAC managing director
Singapore-based Taylor, who was CEO of the Singapore branch prior to the move, spent over 17 years with the P&I Club.
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- March 13 2025
Exclusive: London P&I Club to dock in Shanghai, sail on Asian wave amid difficult-to-navigate geopolitical storm
Club also saw new tonnage increase in other APAC countries, such as South Korea, Vietnam, and Indonesia during last month's renewals.
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- March 10 2025
Japan P&I confirms key personnel changes amid latest reshuffle
Koji Shikada takes on extended roles as deputy head of underwriting units and general manager of Tokyo underwriting department I, effective from April 1.
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- March 5 2025
‘Any dollar trade could be risky’: sanction complications remain for insurers even as Trump mulls easing curbs
NorthStandard's head of external affairs Mike Salthouse discusses the impact of sanctions, the rise of shadow fleets, and the complexities of insuring maritime operations amid evolving geopolitical tensions.
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- February 26 2025
Skuld grows mutual P&I GT by 6% during renewal despite ‘turbulent times’
The club's mutual P&I tonnage for the 2025/26 policy year stands at 122 million gross tonnage (GT).
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- February 25 2025
West P&I, London P&I record strong renewal growth amid market challenges
West P&I achieves mutual tonnage increase to 110 million gross tonnes (GT), while London P&I records 12% rise to 49.3 million GT.
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- February 21 2025
P&I clubs report tonnage growth during renewals despite industry turbulence
Gard, UK P&I and NorthStandard announced successful completion of the 2025 renewal after marine insurers worldwide saw a rise in the number of large claims.
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- February 20 2025
Underwriting performance of P&I clubs likely to fall in FY25: AM Best
P&I clubs are likely to seek further price improvements in the February 2025 renewal, making it the sixth consecutive year of general increases.
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- February 19 2025
P&I renewals ‘softer than anticipated’ despite claims, geopolitical pressures
Clubs are seeing moderate rate increases while terms and conditions remain stable, but expect strong growth driven by Asia.
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- February 11 2025
Maritime decarbonisation efforts need liability certainty to stay on course amid ‘pressing challenge’
NorthStandard's loss prevention director for decarbonisation Mark Smith calls for clarity in regulation and fuel, with decarbonising the world fleet on the agenda.
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- February 10 2025
Solomon Islands sue Korea P&I Club, MS Amlin Marine in oil spill lawsuit: report
The residents of the island are seeking up to US$38m in compensation for a 2019 grounding of a cargo ship.
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- January 23 2025
Gard expands Japan product portfolio with marine & energy risks
The P&I club will offer hull and machinery, war risk and loss of hire covers as well as builders’ risk to shipyards and offshore wind risk.
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- January 23 2025
Indian shipping regulator allows Russian insurer Soglasie to offer P&I cover
The Directorate General of Shipping has also extended approval for Russian insurers Sogaz Insurance, Alfastrakhovanie, and VSK Insurance to cover vessels entering India ports till 2030.
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- January 21 2025
East, South-East Asia record 72 piracy incidents in 2024, with 43 in Singapore Strait
11 large vessels targeted in the strait were over 100,000 deadweight tonnage, according to a report from the International Maritime Bureau.
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- January 1 2025
Japan P&I’s underwriting performance could see some volatility: AM Best
US credit rating agency assigns a financial strength rating of 'A-' (excellent) and a long-term issuer credit rating of 'a-' (Excellent), with a stable outlook.
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- December 20 2024
International Group P&I 2025-26 renewals see rate hikes across categories
Fully cellular container ships (FCC) experience the largest rate increase, rising by 23.6%, while clean tankers see an 8.9% increase.
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- December 10 2024
Japan P&I Club announces 7% premium hike for 2025 renewal amid inflation and uncertainties
The increase applies for owners’ and charterers’ entries, while rates for Japanese coastal vessels and FD&D cover remain unchanged.
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- November 29 2024
UK P&I Club promotes Richard Offord to Singapore branch chief executive
Offord will replace Yiah Soon Ng, who will retire after leading the Singapore office for more than 27 years.
