Line of business: P&I Page 1 / 9
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- October 28 2026
Baltimore Bridge claim, geopolitics set to push P&I reinsurance costs higher as Lockton forecasts 5% average increase for 2027
With large increases expected at the upcoming group reinsurance renewals, International Group of P&I Clubs will have to strike a balance between general increases and capital returns, Lockton says.
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- October 22 2026
‘Defining moment’ as UK P&I Club, TT Club complete Thomas Miller acquisition
Joint acquisition marks a major milestone in the creation of the United Transport Mutual in February.
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- October 21 2026
Skuld’s Wei Fan to take Hong Kong helm in late 2027, Patrick Wang to chair Far East unit
P&I club unveil a global restructuring, which will see Nick March handed an expanded remit as Singapore and Japan head.
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- October 15 2026
China P&I formally applies to join International Group of P&I Clubs
Application will be considered during the coming months, but will not impact the 2027 renewals.
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- October 15 2026
Singapore-flagged container vessel sunk in Strait of Hormuz ‘matter for war risk underwriters’, West says
GFS Pride was struck by an unknown projectile, although all 21 crew members were safely evacuated and no injuries have been reported, according to the Maritime and Port Authority of Singapore.
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- October 9 2026
TT Club and UK P&I Club members vote to merge, creating Unified Transport Mutual
The combination is effective from February 20 next year and is expected to generate a 5% improvement in the merged entity’s COR.
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- October 2 2026
Steamship promotes Peter Jones to underwriting director in Singapore
Prior to joining the P&I club as an underwriting manager a year ago, he worked for Thomas Miller and UK P&I for over 16 years in total.
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- September 11 2026
London P&I among insurers on the hook for Ocean Melody carrier after fatal blaze
Liberian-flagged cargo ship caught fire on Thursday while being docked for repairs in Chinese shipping hub of Qingdao, leaving 25 dead.
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- August 31 2026
Search called off for MV Ocean Winner as survivors tell of ‘unforgettable’ night
Only two Chinese nationals were rescued from the 24-member crew after the Panama-flagged bulk carrier, entered with West P&I Club, sank earlier this month.
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- August 24 2026
West P&I confirms MV Ocean Winner coverage, while H&M claim could top US$25m
Panama-flagged cargo vessel went off the tracking systems and lost communication about 290 nautical miles off India's coast on Friday.
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- August 12 2026
P&I club duo cancel war risk cover across Indian Ocean, Gulf of Aden, Red Sea
Skuld and NorthStandard say vessels trading to, from, through, or within the affected waters will lose their war risk coverage from Sunday, with the cancellation applying to all fixed premium assureds.
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- July 31 2026
S&P Global elevates Japan P&I outlook to positive, cites capital strength despite scale constraints
Rating agency notes club's business profile will remain more modest in scale and diversification compared to some of its peers.
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- July 30 2026
Indian marine pool issues first P&I policy
Policy provides financial protection against third-party liabilities including crew and cargo liability, pollution liability, and wreck removal, with an indemnity limit of up to US$1.5bn through the combined capacity of the pool.
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- July 29 2026
P&I clubs face painful renewals as soaring Baltimore bridge liability costs leave some with difficult decisions to make
Cost of the MV Dali's collision with the Francis Scott Key Bridge in Baltimore in March 2024 is threatening the limits of the International Group (IG) of P&I Club’s reinsurance program and its Hydra captive.
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- July 20 2026
Marsh Risk bolsters Asia marine team with trio appointment
Michael Walls, marine, cargo and logistics leader for Asia, confirms the appointments of Deborah Errappa, James Gargrave joining and Haroun Shadid.
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- July 7 2026
‘Substantial insurance support’ pivotal as 20,000 seafarers trapped in worsening Strait of Hormuz crisis
Industry officials stress that repatriating trapped crew requires coordinated war-risk and P&I insurance arrangements, alongside security guarantees, to overcome the stalled evacuation.
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- June 19 2026
Lloyd’s launches Chubb-backed marine war risk consortium for Strait of Hormuz
It will provide up to US$200m of capacity separately for hull and P&I risks, with an additional US$200m of dedicated cargo capacity.
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- June 5 2026
Korea P&I Club’s rating outlook revised as reinsurance enhancements reduce volatility: AM Best
Rating agency has revised the outlook to stable from negative and affirmed the financial strength rating of B++ (Good) and the long‑term ICR of bbb+ (Good) of the club.
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- May 13 2026
India launches US$1.5bn maritime insurance pool, issues first war risk policies
GIC-administered Bharat Maritime Insurance Pool provides H&M, cargo, P&I, and war-risk cover for Indian-flagged or controlled vessels and voyages to or from India.
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- April 20 2026
India expands list of Russian P&I insurers: report
Gazprom Insurance, Rosgosstrakh Insurance, and Balance Insurance have been added to the list of Russian marine insurers permitted to offer coverage for ships calling at India's ports.
