Britannia P&I chief executive Andrew Cutler has been named as the next chairman of the International Group of P&I Clubs.
Cutler will take over the reins from North P&I Club chief executive Paul Jennings following the International Group’s annual general meeting in November.
Cutler will work closely with chief executive Nick Shaw.
The vote to appoint Cutler as chairman was said to be unanimous.
Jennings has been chairman of the International Group for the past four years.
The group is made up of 13 mutual protection and indemnity clubs that provide cover for over 90% of the world fleet.
The members share claims of more than $10m, with those exceeding $100m covered through a joint reinsurance scheme.
The International Group’s most immediate concern is the role of P&I clubs in the international sanctions against Russia.
There is also an ongoing review of the International Group Agreement (IGA), which sets the rules for competition between P&I clubs.
Costly claims
The International Group pool claims system has also been hit by a costly series of cases that have led to a significant increase in its reinsurance costs.
Outgoing chairman Jennings is likely to be kept busy with preparations for the North P&I Club’s merger with the Standard Club in February next year.
He will share the chief executive role of the merged NorthStandard P&I Club with Standard Club chief executive Jeremy Grose.
