Posts Tagged ‘London P&I Club’

London P&I Club reports further growth in owned entry

London P&I Club reports further growth in owned entry
Reto Toggwiler THE London P&I Club saw further growth in its mutual owned entry following the conclusion of the recent P&I renewal season. The club’s director of underwriting, Reto Toggwiler, says, “Our mutual membership saw year-on-year growth of approximately of 3.5m gt or 7%. This result...
February 22nd, 2019 | News, P and I Clubs | Read More

London P&I Club records encouraging growth

London P&I Club records encouraging growth
Reto Toggwiler Following the recent completion of the 2018 renewal, the London P&I Club saw an encouraging 2.5m gt, or 5.8% year-on-year increase in its mutual business, to 45.4m gt. The club’s underwriting director, Reto Toggwiler, says, “While the renewal period generally saw rates come under...
February 20th, 2018 | P and I Clubs, Reports | Read More

London P&I Club warns of increased risk at congested Chittagong anchorage

London P&I Club warns of increased risk at congested Chittagong anchorage
London P&I Club warns of increased risk at congested Chittagong anchorage The London P&I Club has noted a marked increase in accidents involving ships at anchor in the Bangladeshi port of Chittagong, which it says has become an international hot-spot for anchor-dragging incidents. The club notes...
December 5th, 2017 | Marine Insurance, P and I Clubs | Read More

London P&I Club warning on excessive position-fixing intervals

London P&I Club warning on excessive position-fixing intervals
Carl Durow The London P&I Club says excessive onboard position-fixing intervals have been a contributory factor in some recent costly claims. In one case, a laden bulk carrier grounded on a shoal, in circumstances where a previous inaccurate dead-reckoning plot was not detected in time. Although...
November 21st, 2017 | P and I Clubs | Read More

London P&I Club supports appointment of warranty surveyors for deck cargo loads

London P&I Club supports appointment of warranty surveyors for deck cargo loads
Paul Walton THE London P&I Club has highlighted a recent increase in the incidence of deck cargoes shifting in heavy weather, and supported a recommendation to appoint a warranty surveyor to supervise high-risk marine construction and transportation project operations where appropriate. In an article...
March 20th, 2017 | Claims, Consulting, Marine Insurance, Maritime Accidents, P and I Clubs | Read More

London P&I Club reports increased free reserves

London P&I Club reports increased free reserves
THE London P&I Club’s result for the 2015/2016 financial year produced an overall operating surplus of $3.3m, lifting the free reserve to $160.7m.  This result was underpinned by a technical underwriting surplus of $15.3m, with the combined ratio standing at 82.5%.  In a circular summarising...
May 12th, 2016 | Associations, Marine Insurance, P and I Clubs, Reports | Read More

London P&I Club warns of dangers arising from carriage of Indonesian coal

London P&I Club warns of dangers arising from carriage of Indonesian coal
Carl Durow The London P&I Club has issued a warning about continued problems associated with the carriage of Indonesian thermal or ‘steam’ coal, following a number of recent incidents involving owners and charterers. Indonesian coal has a propensity to self-heat and/or emit methane. If uncontrolled,...
April 28th, 2016 | Associations, Chartering, Disputes, Health and Safety, Marine Insurance, Maritime Accidents, P and I Clubs, Safety and Security | Read More

Solid renewal for London P&I Club

Solid renewal for London P&I Club
Ian Gooch Moving into the new P&I policy year, the London P&I Club has seen further growth in its owners’ tonnage, in addition to strong growth in its charterers’ book of business.  Ian Gooch, chief executive of the club’s management team says, “The recent renewal was particularly challenging...
February 24th, 2016 | Marine Insurance, P and I Clubs | Read More

London P&I Club maintains financial strength despite impact of large claims

London P&I Club maintains financial strength despite impact of large claims
Ian Gooch THE London P&I Club’s 2015 Annual Report highlights an unusual run of expensive claims in the 2014/15 policy year, with progress in other areas meaning that the free reserves stand at a healthy $157.4m. Ian Gooch, chief executive of the club’s management team, says, “During the course...
July 15th, 2015 | Company Profiles, P and I Clubs | Read More