Thomas Miller-managed UK P&I Club is off to a good start.
Announcing its renewal results for 2019, the shipping protection and indemnity mutual insurer said it saw a net increase of 5.4 million gross tons of mutual business. This translates to mutual tonnage at the start of the new policy year at 144.3 million gross tons.
In addition, a further 3.3 million gross tons have been committed to the club as part of renewal negotiations. Chartered tonnage, meanwhile, stands at around 100 million gross tons.
“The UK Club and its board greatly appreciates the continuing commitment of the membership and the support of the insurance broking community during the 2019 renewal,” commented Thomas Miller P&I chief executive Andrew Taylor.
“We are pleased that the club’s high standards of service and commitment to quality attracted more tonnage from existing members and new business to the UK Club.”
According to the marine insurer, 99% of its existing entered ships renewed.
