The UK P&I Club (“The UK Club”), announces its renewal results for 2017.
· Member retention at very high levels above 99%
· A year-on-year net increase of 3.5 million entered tonnes of mutual business takes mutual-owned tonnage to approximately 139 million tonnes, an increase of approximately 2.5%
· Overall premium measured 20th February 2016 to 20th February 2017 remains broadly stable.
Hugo Wynn-Williams, Chief Executive of Thomas Miller P&I, the UK P&I Club’s managers, says: “This year’s renewal has been characterised both by the continuing loyalty of our Members and robust negotiation, particularly where loss ratios required corrective action by the Club. After renewal mutual tonnage was up slightly to 139 million gt, with an encouraging number of future commitments from existing Members.”
Source: UK P&I ClubPrevious Next