UK P&I Club Sees Positive Renewal Season

The UK P&I Club, a shipping protection and indemnity mutual insurer, has announced its renewal results for 2016 following the closure of the renewal season on February 20, 2016.

At this renewal the Club experienced a net gain of 4 million entered tonnes.

A year-on-year net increase of 8.5 million entered tonnes of mutual business takes mutual-owned tonnage to approximately 135 million tonnes, an increase of approximately 6.5 percent.

Combined mutual-owned and chartered tonnage now stands at more than 225 million gross tonnes.