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The Shipowners’ Club has in-depth knowledge of the risks and liabilities you face when operating your fleet, borne from over 160 years of experience in providing Protection and Indemnity (P&I) cover, Legal Costs Cover and associated insurances.
As market leader, we insure over 32,000 small and specialist vessels across the globe. Every year, 95% of our Members choose to stay with us, and our top 25 Members hold an average of 24 years’ continuous entry; testament to our ability to serve Members’ best interests and respond to changing needs.
We have a wide spread of Members across a range of vessel types, operating sectors and geographical areas. This diversification delivers stability, allowing us to enjoy a strong balance sheet and an A rating from Standard & Poor’s.
Referred to as a P&I Club, Shipowners’ is one of thirteen Clubs which make up the International Group, insuring over 90% of the world’s tonnage.
Latest news and insight
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What is a release call?
To understand release calls it is necessary to appreciate how Club’s view Club membership and in particular, the use of estimates which under-pin the ETC method of funding.
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Reactivation of vessels after a period of lay-up
The shipping market continues to experience a prolonged period of downturn, especially in the offshore sector. We have seen owners and operators often being compelled to lay up tonnage.
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The overspill limit
The term ‘overspill’ means that a loss has spilled over, or exceeded, the limits of liability available through the General Excess of Loss Reinsurance Programme which protects Mutual Members of the International Group of P&I Clubs.
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ISM – Cyber security
In June 2017 the 98th session of the Maritime Safety Committee (MSC) approved MSC-FAL.1/Circ.3 Guidelines on Maritime Cyber Risk Management.
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Economic sanctions update: Russia, Iran and North Korea
On 2nd August 2017 President Trump signed into law H.R. 3364, Countering America’s Adversaries Through Sanctions Act. The new Act introduces economic sanctions legislation which builds upon existing sanctions imposed by the US against Iran, Russia, and North Korea.
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Event: Tomorrow’s Maritime Professionals – what does the future look like?
Exponential advances in digital technologies, hyper-connected societies, and the rise of the global citizen are driving change across the operational landscape of the maritime industry.
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The Shipowners’ P&I Club hosts maritime security webinar – recording available
The Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has chaired its first-ever webinar, on the topic of Maritime Cyber Security.
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The International Group
Many vessel owners join a Mutual P&I Club to access limits of liability that are generally unavailable in the commercial fixed premium market. The highest limits are provided by the International Group of P&I Clubs, a collection of 13 mutual P&I Clubs, including the Shipowners’ Club.
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Milly Brooks: Voluntary salvage assistance and the reward
If you have provided voluntary assistance to a ship, cargo or other recognised salvage subject in distress, you may be entitled to claim a salvage reward.
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A closer look at mutual club funding
There was a time when all P&I Clubs used the same method of funding; the estimated total call (ETC) approach.
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