Britannia P&I Club has moved its London operations to 33 King William Street, marking a new phase in its nearly 170-year presence in the City.
The relocation, which took effect on July 14, brings employees together on a single floor in a space designed to support more collaborative working, it was stated.
Founded in 1855, Britannia is the world’s oldest protection and indemnity (P&I) club and one of the founding members of the International Group of P&I Clubs. The mutual insurer provides third-party liability cover to shipowners and charterers worldwide, with a portfolio covering more than 240 million gross tonnes across a broad range of vessel types.
The company’s updated workspace includes open-plan team areas, flexible meeting rooms, and modern communications systems to support engagement with members and colleagues in regional offices across Europe, Asia, and North America.
Chief executive Andrew Cutler said the move is intended to support closer collaboration and improve operational efficiency. He also reaffirmed the Club’s long-standing connection to London as a global centre for marine insurance and finance.
The office move comes amid broader organisational developments. In April, Britannia announced that Cutler will step down as CEO at the end of 2025. He will be succeeded by current deputy CEO Mike Hall, who previously served as chief underwriting officer. The transition is part of a long-term succession plan.
Britannia has also increased its focus on regulatory developments. In partnership with law firm HFW, the club recently published guidance for shipowners navigating new emissions-related regulations, including the Carbon Intensity Indicator (CII), Energy Efficiency Existing Ship Index (EEXI), EU Emissions Trading System (EU ETS) and FuelEU Maritime.
Financially, Britannia reported a $9.8 million underwriting deficit for the 2024/25 policy year, attributed in part to large retained and pool claims, including exposure related to the Baltimore Bridge incident.
