About The Club
The leading player - working for you...
The UK P&I Club is one of the oldest P&I clubs in the world. It provides Protection and Indemnity insurance in respect of third party liabilities and expenses arising from owning ships or operating ships as principals. One of the largest mutual marine protection and indemnity organisations it insures around 175 million tonnes of owned and chartered ships from more than fifty countries across the globe.
The UK P&I Club gives you security with its 'A-' Standard & Poors rating and accessibility with a claims service on hand in 350 ports. Its on-the-spot help and local knowledge is unmatched. As is its ongoing response to the changing environment and your changing needs. Its continuing experience, size, coverage and service mean unparalleled specialist skills and expertise developed to a level of sophistication seldom seen in our field. All this is available to you as a Member and to the masters and managers of your ships.
Membership Fleet
Standing at around 175 million gross tons of entered ships, the Club membership is a substantial proportion of the world ocean-going merchant fleet. Strongly represented in all the main sectors and geographical locations, the membership's fleet consists of quality ships younger than the world average.
Rules & Cover
P&I stands for Protection and Indemnity. P&I is insurance in respect of third party liabilities and expenses arising from owning ships or operating ships as principals. The risks typically covered by P&I Clubs are outlined in the Introductory Guide to P&I Cover. The actual cover wordings are provided in the Club Rules and Certificates of Entry, subject to amendment & clarification in the Circulars.
Financial Information
An encouraging picture of continuing improvement to the restored financial position over the past six months. Free reserves and capital have increased to $419 million and the anticipated fall in claims for the 2009 policy year combines with a modest improvement on the 2008 policy year.
Our History
The world of the P&I clubs - the marine liability insurers who together insure 95 per cent of the world's ocean-going ships - is little known. It is they who handle and pay for the major casualties - and the thousands of less well publicised but hugely expensive accidents and claims that occur frequently in shipping.
Club Management
The day-to-day business of the Club, including its finances and investments, is delegated to an independent firm of professional managers, Thomas Miller (Bermuda) Ltd., who are responsible for implementing the policies laid down by the Directors. The size of the UK Club and the corresponding scale of its Managers' operation has permitted the development of specialist skills and expertise to a level of sophistication seldom seen in the P&I field.
Board Of Directors
In keeping with its organisation as a mutual association, the UK P&I Club is directed by the members themselves. Overall control of the Club lies with the Directors, who are elected by the Clubs' Members from amongst themselves. The Directors normally meet four times a year to formulate policy on calls, the scope of cover, finance, underwriting and claims matters, reinsurance and current industry issues affecting the P&I world. They resolve specific claims which may not fall clearly within the cover.
International Offices
Our network of offices provide support to Members in the right time zone and geographical location taking into account a multitude of cultural and technical demands. Offices in Beijing, Greece, Hong Kong, London, New York, San Francisco, Shanghai and Singapore ensure global coverage.
Club News
Updated every week the latest Club news and feature stories are reported here focusing on topical items relating to Members' interests. Reports of Club and managers' participation in international events and gatherings can also be found here.
Publication of the month
The UK Club’s financial position has improved strongly over the last three years. Total assets are currently in excess of $1.6 billion.