P&I Archives - InsuranceAsia News https://insuranceasianews.com/line_of_business/pi-marine/ Thu, 11 Dec 2025 07:12:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 A sinking feeling? P&I clubs needs to grasp the nettle, but choppy waters lie ahead https://insuranceasianews.com/a-sinking-feeling-pi-clubs-needs-to-grasp-the-nettle-but-choppy-waters-lie-ahead/ Thu, 11 Dec 2025 23:30:15 +0000 https://insuranceasianews.com/?p=206598 Volume of claims finding their way into the International Group of P&I Club’s (IG) pool has made many clubs twitchy after it suffered its worst year ever in 2024.

The post A sinking feeling? P&I clubs needs to grasp the nettle, but choppy waters lie ahead appeared first on InsuranceAsia News.

]]>

The world’s P&I clubs are bracing themselves for a hectic round of renewals for the 2026-27 policy year, but there is growing evidence that some in the sector fear the current system is holed bene...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post A sinking feeling? P&I clubs needs to grasp the nettle, but choppy waters lie ahead appeared first on InsuranceAsia News.

]]> The Standard Club Asia goes into run-off as all renewals switch to NorthStandard https://insuranceasianews.com/the-standard-club-asia-goes-into-run-off-as-all-renewals-switch-to-northstandard/ Wed, 10 Dec 2025 01:59:16 +0000 https://insuranceasianews.com/?p=206494  All insurance business previously underwritten by The Standard Club Asia will be renewed into NorthStandard from February 20.

The post The Standard Club Asia goes into run-off as all renewals switch to NorthStandard appeared first on InsuranceAsia News.

]]>

As part of the post-merger reorganisation of NorthStandard group, The Standard Club Asia will cease to write insurance business and go into run-off from February 20, and will not write any new or rene...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post The Standard Club Asia goes into run-off as all renewals switch to NorthStandard appeared first on InsuranceAsia News.

]]> 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.

The post P&I clubs all at sea ahead of renewals as they seek to navigate new claims normal appeared first on InsuranceAsia News.

]]>

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...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post P&I clubs all at sea ahead of renewals as they seek to navigate new claims normal appeared first on InsuranceAsia News.

]]> 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.

The post P&I clubs all at sea ahead of renewals as they seek to navigate new claims normal appeared first on InsuranceAsia News.

]]>

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...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post P&I clubs all at sea ahead of renewals as they seek to navigate new claims normal appeared first on InsuranceAsia News.

]]> 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.

The post UK P&I Club, TT Club in early merger talks appeared first on InsuranceAsia News.

]]>

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...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post UK P&I Club, TT Club in early merger talks appeared first on InsuranceAsia News.

]]> 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.

The post UK P&I Club, TT Club in early merger talks appeared first on InsuranceAsia News.

]]>

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...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post UK P&I Club, TT Club in early merger talks appeared first on InsuranceAsia News.

]]> ‘Eventful renewal season’ expected, Marsh says, as 7 of 12 IG group confirm general increases for 2026 https://insuranceasianews.com/eventful-renewal-season-expected-uk-pi-club-head-says-as-7-of-12-ig-group-confirm-general-increases-for-2026/ Wed, 26 Nov 2025 10:00:29 +0000 https://insuranceasianews.com/?p=205366 Peter Hulyer, head of P&I for UK at the broker, says there are 'mixed messages from the clubs on claims trends'.

The post ‘Eventful renewal season’ expected, Marsh says, as 7 of 12 IG group confirm general increases for 2026 appeared first on InsuranceAsia News.

]]>

Marsh's Peter Hulyer expects "an eventful renewal season" after seven of the 12 International Group of P&I Clubs (IG) confirmed general increases ahead of the 2026 renewals. 
The Japan P&I Clu...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post ‘Eventful renewal season’ expected, Marsh says, as 7 of 12 IG group confirm general increases for 2026 appeared first on InsuranceAsia News.

]]> Japan P&I announces 5% premium hike for 2026 renewal amid geopolitical tensions, inflationary pressure https://insuranceasianews.com/japan-pi-announces-5-premium-hike-for-2026-renewal-amid-geopolitical-tensions-inflationary-pressure/ Wed, 26 Nov 2025 09:01:45 +0000 https://insuranceasianews.com/?p=205431 Increase applies for owners’ and charterers’ entries, while rates for Japanese coastal vessels will increase by 10% and FD&D will also see a rise of 5%.

The post Japan P&I announces 5% premium hike for 2026 renewal amid geopolitical tensions, inflationary pressure appeared first on InsuranceAsia News.

]]>

Japan P&I Club has announced a 5% premium increase for 2026 for owners’ and charterers’ entries, alongside a 10% rise for Naiko Class (Japanese coastal vessels), citing persistent global inflation...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Japan P&I announces 5% premium hike for 2026 renewal amid geopolitical tensions, inflationary pressure appeared first on InsuranceAsia News.

]]> 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.

The post Swedish Club announces 5% general increase for 2026-27 policy year appeared first on InsuranceAsia News.

]]>

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...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Swedish Club announces 5% general increase for 2026-27 policy year appeared first on InsuranceAsia News.

]]> China P&I Club launches local Hong Kong mutual https://insuranceasianews.com/china-pi-club-launches-local-hong-kong-mutual/ Tue, 18 Nov 2025 03:52:55 +0000 https://insuranceasianews.com/?p=204772 Hong Kong P&I Club will strengthen the territory's position as a 'leading hub for marine insurance.'

The post China P&I Club launches local Hong Kong mutual appeared first on InsuranceAsia News.

]]>

China P&I Club, the Chinese marine mutual, has announced the creation of a new Hong Kong entity as part of its effort to expand internationally.
In a statement on Monday, China P&I Club said t...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post China P&I Club launches local Hong Kong mutual appeared first on InsuranceAsia News.

]]>