Virtual renewal to hit owners with very real rate rises

Tension between clubs and their shipowner members is expected as the pandemic also forces negotiations to move from boardrooms to homes.

Technology to the rescue in clamour to seal deals ahead of renewal D-day

Brokers and underwriters are confident of getting through renewal negotiations despite the pandemic.

What we have now is a perfect storm, an accumulation of pool claims and no increase in premium

Lars Rhodin

P&I casualty costs soar in the age of mega ships and tougher environmental standards

Expensive wreck removals are also starting to strain relations between insurers and salvors.

Big data could play key role in reducing ship casualties

Deeper analysis is required to help insurers and their shipowner clients keep control of accidents, says broker.

International Group stays calm over eye-watering casualty bill

No need for panic despite expensive claims and concerns about higher reinsurance costs.

West of England insists diversification pays as investments show return

Chief executive Tom Bowsher says a strategy to widen its income streams has been successful.

Stale Hansen looks to shape Skuld into P&I club of the future

Chief executive wants a diverse business, with strong ESG principles and new working practices to emerge from the pandemic.

'The P&I renewals are being carried out as they always have irrespective of the prevailing circumstances,' says insurance broker Maria Prevezanou of Evmar Marine Services. Photo: Evmar Marine Services

Pandemic increases insurers' focus on crew well-being and mental health

Crew health expert says P&I clubs have a role to play in helping get seafarers through the virus crisis.

Leading P&I mutuals continue to register fixed premium growth

Figures indicate that the non-mutual market is a key growth area as leading P&I clubs look to diversify income streams.