Skip to main content
Homepage

 Claims Emergency

London Branch

+44 203 829 5858

Singapore Branch

+65 8683 3190

The claims response service is available 24 hours a day, 7 days a week and provides immediate global assistance to all of our Members.

Calling the emergency contact number provides a quick and effective way to speak directly to a duty Shipowners’ claims handler in the event of an incident or casualty involving an entered vessel.

During office hours the emergency number will redirect to the relevant corresponding office switchboard.

Alternatively, Members can request assistance from our network of correspondents located around the world.

Correspondents

Emergency Contact

21 Apr 2026

Download the page

21 April 2026 – The Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has reported encouraging results for the year ending 31 December 2025.

The 2025 financial year saw the Club deliver an underwriting surplus of US$ 1.0m, with a combined ratio of 99.6%. The Club's strong competitive position allowed for steady growth in premium whilst still maintaining its underwriting disciplines. Despite global volatility during the year, the Club was also pleased to report its investment portfolio returned an overall gain of US$ 85.1m. This strong investment portfolio return contributed to an US$ 83.2m increase in net assets, to US$ 530.7m.

The Club’s capital strength and focused management of risk resulted in Standard & Poor’s reaffirming its credit rating of A (stable outlook), assuring its Members, and their brokers, that the Club is well placed to continue to provide high quality, well priced P&I insurance into 2026 and beyond.

In announcing the results, the Club’s Chair, Donald A. MacLeod K.C., stated: “There is a great diversity of nationalities and vessel types among the Membership, but there are many similarities in the form of their professionalism and dedication to excellence. The Club will never sacrifice its underwriting principles for the sake of garnering increased revenues. As a result, the Club’s retention levels are impressive. At the key renewal date of February 20, 2026, 99.2% Member retention was achieved. We thank all those Members and their brokers for their ongoing support of the Club.”

Simon Peacock, Chief Executive, commented: “By any measure, the past year has been a strong one for our Club. We continue to be delighted and humbled by the unwavering commitment of our broad network of stakeholders, which has been established over so many years. We will never take that loyalty for granted, and we will continue to strive to ensure that the trust that is shown in the Club is well-deserved.”

Financial and Member data summary

  • Combined ratio 99.6% (2024: 98.8%)
  • Underwriting surplus US$ 1.0m (2024: US$ 3.2m)
  • Earned premiums, net of reinsurance US$ 270.8m (2024: US$ 266.9m)
  • Incurred claims, net of reinsurance US$ 191.4m (2024: US$ 188.5m)
  • Investments returned a gain of US$ 85.1m (2024: gain of US$ 38.4m)
  • Capital and free reserves US$ 530.7m (2024: US$ 447.5m)
  • Entered Members 8,296 (2024: 8,671)
  • Entered tonnage 34.4m (2024: 32.9m)
  • Entered vessels 35,378 (2024: 35,733)

View and download the Club’s 2025 Annual Report on our website.

Ends

Notes for editors

The Shipowners’ Club is a mutual marine liability insurer, which has been providing Protection and Indemnity, including Legal Cost insurance, for small and specialist vessels since 1855. The Club is a member of the International Group of P&I Clubs and works with more than 700 broking companies globally to insure over 35,000 vessels across a range of operating sectors and geographical areas.

Media contact:

Ellie Bailey
The Shipowners’ Club
T: +44 207 423 7145
E: ellie.bailey@shipownersclub.com
W: www.shipownersclub.com

 

Sign up for alerts