London P&I Club in good shape
The insurer and risk assessor, London P&I Club, says it’s in good shape after a busy renewal period, even though corporate consolidation and strategic management changes led to the termination of two entries at the renewal.
Ian Gooch, chief executive of the club’s management team, said: “Organic growth along with the addition of a range of new members is consistent with one of the club’s key strategies, aimed at the careful spreading of our member base.”
“It was a tough renewal but we expect to be reporting a positive result for 2016/17 and it means that the club is in good shape heading into the new P&I year.”
Overall the club saw a high level of support from members, with additional ships being entered from owners based in Germany, Greece, Hong Kong, Singapore, the UK and elsewhere.
There were also entries from nine new members, including owners from China and Turkey. Further, the club saw growth in its fixed premium portfolio, especially on the charterer’s side.
By Anne-Marie Causer
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