Insurance Pool

Although the Clubs compete with each other for business, they have found it beneficial to pool their larger risks under the auspices of the International Group. This pooling is regulated by a contractual agreement which defines the risks that are to be pooled and exactly how these are to be shared between the participating Clubs. The Pool provides a mechanism for sharing all claims in excess of US$9 million up to a limit of about US$4.5 billion. For a layer of claims between US$80 million and US$3.080 billion the Group Clubs purchase reinsurance from the commercial market (see below). The Pooling system provides participating Clubs with reinsurance protection at cost to much higher levels than would normally be available in the commercial reinsurance market.

Reinsurance of the Pool

The International Group arranges a market reinsurance contract to help the Pool deal with claims which exceed $80 million. This is the largest single contract in the world's marine insurance market. It currently extends for claims against shipowners to a little over $3.080 billion per claim save that in respect of oil pollution the maximum is $1bn ($1000m), which is the limit on the oil pollution cover given by the Clubs; there are lower limits for claims against charterers. By bringing together in this way the risks of the great majority of the world's tonnage, the International Group is able to obtain for the pooling Clubs the maximum reinsurance capacity on the best terms available worldwide.

Because International Group Clubs share their claims through the Pooling system, they have a common interest in loss prevention and control, and in the maintenance of quality standards throughout the membership.

International Group Agreement

The International Group Agreement (IGA) is the underpinning of the mutual system ensuring co-operation between clubs in the operation of the Pooling Agreement.  A copy of the agreement and commentary can be found on the IG website.

Emergency Contacts


If you need to call our offices out of hours and at weekends, click After Office hours for a up to date list of the names of the Duty Executives and their mobile phone numbers. 

Ship Finder


This Ship Finder is updated on a daily basis. Members who need to advise the Club of updates to their recorded ships' details should advise their usual underwriting contact.