Posts Tagged ‘Pratap Shirke’

‘Challenging time’ for international shipping industry, says North P&I club chairman

‘Challenging time’ for international shipping industry, says North P&I club chairman
Pratap Shirke Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club. His comments are published today (16 July 2015) in the 170 million GT, ‘A’ rated club’s...
July 16th, 2015 | Environment, P and I Clubs, Pollution, Reports | Read More

North Group directors confirm growth in free reserves

North Group directors confirm growth in free reserves
Directors of the 170 million GT, ‘A’ rated North P&I Club and Sunderland Marine Insurance Company (North Group), have confirmed growth in the free reserves in the year to 20 February 2015, despite experiencing a large number of high-value claims and a further pension deficit charge. Chairman...
June 18th, 2015 | Company Profiles, Finance, P and I Clubs | Read More

North P&I Club emerges ‘signicantly stronger’ from 2015 renewal

North P&I Club emerges ‘signicantly stronger’ from 2015 renewal
The ‘A’ rated North P&I club has emerged ‘significantly stronger’ from the 2015 renewal today (20 February 2015), further consolidating its position as one of the most financially secure and largest members of the International Group of P&I Clubs. According to chairman Pratap Shirke,...
February 20th, 2015 | Finance, Marine Equipment Products and Services, P and I Clubs | Read More

North P&I club directors decide on 4.75% overall increase with 2.5% minimum

North P&I club directors decide on 4.75% overall increase with 2.5% minimum
Pratap Shirke Directors of the 180 million GT North P&I club have decided on an overall premium increase of 4.75% for mutual protection and indemnity (P&I) cover next year, with a minimum increase per member of 2.5%. The increase reflects the board’s commitment to maintaining the financial...
November 17th, 2014 | Finance | Read More

North P&I Club confirms positive result and sets out new management strategy

North P&I Club confirms positive result and sets out new management strategy
The 180 million GT, ‘A’ rated North P&I club has confirmed another ‘positive’ financial result in its annual Management Report published today (7 August 2014). It has also set out a new proactive management strategy designed to ensure the club’s continuing success. Chairman Pratap...
August 7th, 2014 | Marine Equipment Products and Services, P and I Clubs | Read More

North P&I ‘A’ rating and stable outlook confirmed by S&P following merger

North P&I ‘A’ rating and stable outlook confirmed by S&P following merger
Leading ratings agency Standard and Poor’s (S&P) has reaffirmed North P&I club’s ‘A’ credit rating and stable outlook for a tenth consecutive year following its recent merger with Sunderland Marine. The agency says its rating reflects the newly merged club’s continuing strong business...
March 18th, 2014 | P and I Clubs | Read More

North P&I and Sunderland Marine merge to become “North Group”

North P&I and Sunderland Marine merge to become “North Group”
Pratap Shirke North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) merged to form the North Group on Friday 28 February 2014 following approval by the Bank of England’s Prudential Regulatory Authority and other UK and overseas regulators.    The...
March 3rd, 2014 | Associations, Company Profiles, P and I Clubs, People and Places | Read More