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Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
In 1885 North P&I Club added cargo indemnity cover by merging with the local Steam Ship Owners’ Mutual and, by 1914, had become the leading P&I club in Britain. North P&I Club lost business after World War II with the decline of the British merchant navy. A gradual revival began in the 1960s with the appointment of managers Alec Murray and ...
Gard is a mutual company and operates around the world within marine insurance. It is the largest Protection & Indemnity insurer of the 12 P&I Clubs that are members of the International Group of P&I Clubs. Gard's customers are shipowners and operators, shipyards, and companies involved in the upstream oil and gas markets, and windfarm operators.
The average cost of car insurance in New York is $3,833 per year for full coverage and $1,654 for minimum coverage. Auto insurers in New York cannot sell you less than the minimum amount of ...
At the commencement the 2024/2025 insurance year, the entered tonnage for liability insurance reached 107 million gross tons for owners and 62 million gross tons for charterers. Skuld is one of twelve members of the International Group of P&I Clubs that work closely together in reinsurance and industry matters of common interest. The P&I Clubs ...
The UK P&I Club is a marine mutual liability insurer in the United Kingdom providing P&I insurance for the global shipping industry. [1] [2] [3] The UK P&I Club is one of the 12 members of the International Group of P&I Clubs. [4] The club is one of the largest of the global P&I Clubs and in 2002 covered more than 100 million tons across 6,000 ...
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