P&I Archives - InsuranceAsia News https://insuranceasianews.com/line_of_business/pi/ Mon, 08 Dec 2025 04:01:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 P&I clubs all at sea ahead of renewals as they seek to navigate new claims normal https://insuranceasianews.com/pi-clubs-concerned-as-they-seek-to-navigate-new-claims-normal/ Sun, 07 Dec 2025 23:30:47 +0000 https://insuranceasianews.com/?p=206172 International Group of P&I Clubs are eyeing premium increases ranging from 4-8% in February's renewals.

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The world’s protection and indemnity (P&I) clubs have entered the vital run-up to the February renewals amid fears of premium adequacy and a growing debate over the need to create new solutions to...

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]]> UK P&I Club, TT Club in early merger talks https://insuranceasianews.com/uk-pi-club-tt-club-in-early-merger-talks/ Thu, 27 Nov 2025 05:24:43 +0000 https://insuranceasianews.com/?p=205618 Clubs, which have operated closely under their common manager Thomas Miller, say their boards agreed at meetings this month to explore options.

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In a move that could create one of the largest mutual insurers in the maritime and transport sectors, UK P&I Club and the TT Club have begun early-stage discussions on a potential merger, accordin...

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]]> Swedish Club announces 5% general increase for 2026-27 policy year https://insuranceasianews.com/swedish-club-announces-5-general-increase-for-2026-27-policy-year/ Fri, 21 Nov 2025 03:03:04 +0000 https://insuranceasianews.com/?p=205080 Hike would apply to P&I and freight, demurrage and defence (FD&D) policies.

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P&I carrier The Swedish Club has announced a 5% general increase for P&I and freight, demurrage and defence (FD&D) for the 2026-27 policy year, reflecting the club’s continued focus on fin...

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]]> NorthStandard promotes Jack Marriott-Smalley to APAC underwriting head https://insuranceasianews.com/northstandard-elevates-jack-marriot-smalley-to-apac-underwriting-head/ Mon, 03 Nov 2025 22:30:07 +0000 https://insuranceasianews.com/?p=203604 He most recently served as the head of Southeast Asia Pacific, holding the position since September 2023.

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P&I club NorthStandard has promoted Jack Marriott-Smalley as its new head of underwriting for Asia Pacific, according to a press release.
Singapore-based Marriott-Smalley (pictured) brings over fo...

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]]> NorthStandard elevates Michael Hustler as head of Asia Pacific https://insuranceasianews.com/northstandard-elevates-michael-hustler-as-head-of-asia-pacific/ Mon, 20 Oct 2025 23:00:27 +0000 https://insuranceasianews.com/?p=202380 Singapore-based Hustler succeeds David Roberts, who will leave the club in February 2026.

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P&I club NorthStandard has appointed Michael Hustler as its new head of Asia Pacific, effective October 27, replacing David Roberts, who will leave the club in February 2026, according to a press ...

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]]> Swedish Club expands in China with Ping An P&C strategic partnership https://insuranceasianews.com/the-swedish-club-expands-in-china-with-ping-an-pc-strategic-partnership/ Mon, 15 Sep 2025 08:41:48 +0000 https://insuranceasianews.com/?p=199997 Agreement enhances service delivery and broadens the ways members can access the club’s marine insurance and loss prevention services.

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The Swedish Club has signed a strategic partnership with Ping An Property & Casualty Insurance Company to strengthen its presence and service capabilities in China, the P&I Club said in a stat...

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]]> US tariffs haven’t really landed on P&I, West’s David Griffiths says, as China’s influence grows https://insuranceasianews.com/us-tariffs-havent-really-landed-on-pi-wests-david-griffiths-says-as-chinas-influence-grows/ Wed, 20 Aug 2025 23:30:23 +0000 https://insuranceasianews.com/?p=197781 Singapore-based senior manager of underwriting also discusses China's influence on the maritime industry, environmental regulations impacting Asian shipping, and the growing systemic problem of the shadow fleet.

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While the impact of the tariff regime rolled out by US President Donald Trump has not yet been fully felt by the insurance industry, the uncertainty has resulted in the marine industry's unwillingness...

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]]> Insurer warns of jumbo problems amid bulk cargo concerns at Asian ports https://insuranceasianews.com/insurer-warns-of-jumbo-problems-amid-bulk-cargo-concerns-at-asian-ports/ Thu, 14 Aug 2025 23:30:36 +0000 https://insuranceasianews.com/?p=197527 Ian Barr, chief claims officer at The London P&I Club, addresses the issue of flexible intermediate bulk containers, with particular problems noted in loading at some Chinese ports.

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A leading P&I club has said the growing issue of poorly loaded cargo in Asian ports, particularly in China, is increasing the risk that cover will be denied if a loss occurs.
The London P&I Cl...

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]]> MSC Elsa 3 owner seeks to cap liability as Indian state government files US$1bn suit https://insuranceasianews.com/msc-elsa-3-owner-seeks-to-cap-liability-as-indian-state-government-files-us1bn-suit/ Sun, 10 Aug 2025 22:00:09 +0000 https://insuranceasianews.com/?p=197159 The lawsuit by the owner of the container ship that sank off the India coast seeks to limit the amount of potential claims to US$14.2m citing the large number of claims already filed.

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Mediterranean Shipping Company (MSC), the owner and charterer of the MSC Elsa 3, the container ship that sank off Indian coast, has filed an admiralty suit in India seeking to limit their liability af...

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]]> IG P&I tightens restrictions on Russian oil shipments as EU, UK reduce price cap https://insuranceasianews.com/ig-pi-tightens-restrictions-on-russian-oil-shipments-as-eu-uk-reduce-price-cap/ Thu, 31 Jul 2025 09:56:25 +0000 https://insuranceasianews.com/?p=196508 Sanctions include ban on 105 'shadow fleet' vessels and asset freezes on new entities, including Indian refinery Nayara Energy.

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The International Group of P&I Clubs (IG P&I) have tightened restrictions on Russian oil shipments as the EU and the UK reduced the price cap for Russian crude oil from US$60 to US$47.60 per b...

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