The Club enters its 115th year in 2024 with a leading position in the P&I market. The financial position of the Club is one of the strongest in the P&I market and tonnage growth reflects the support of the Membership.
Gary Field, Head of Underwriting, noted that at the close of the 2023 policy year, the Club’s owned tonnage was 125 million including the effect of the renewal. This equates to 7.5% tonnage growth over the past year, well ahead of the growth in size of the world fleet over the same period. Mr. Field went on to say that along with organic growth during the policy year we have seen new owner and charterer members join the Club at renewal who will only further strengthen the Club’s reputation for quality operators.
As always the Club appreciates the support of its Board, Members and brokers during the renewal season.
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