UK P&I Club announces strong renewal

UK P&I Club announces strong renewal 

London, 24th February 2015 – The UK P&I Club (“The UK Club”), one of the leading shipping protection and indemnity mutual insurers, today announces its renewal results for 2015 following the closure of the renewal season on 20 February 2015:

•  Another strong result with a net increase of 1.2 million gross tons of mutual business taking mutual owned tonnage to 127 million gross tons

• Combined mutual owned and chartered tonnage now stands at over 225 million gross tons, an increase of over 3% from 20th February 2014 – 20th February 2015.

• For renewing business, the Club achieved a premium increase of 3.5% before terms.

• Committed to maintaining disciplined underwriting, which has led to robust negotiations with those Members who had poor records, some of whom chose to leave as a result.

Hugo Wynn-Williams, Chief Executive of Thomas Miller P&I, the UK P&I Club’s managers, says: “It has been another good and strong renewal for the Club, marked by continued controlled growth for the fourth year in succession whilst maintaining a resolute approach to underwriting.”

“We are delighted by the interest shown in the Club, which was reflected by the 6.1 million gt of new business which came into the Club during this renewal. The Club maintains its commitment to quality and declined to quote on over 2 million gt of new business from more than 20 owners and charterers.” 

For further details, please contact:

Roddi Vaughan Thomas/ Shelly Durrants/ Chiara Barreca/ Arran Fano 

Broadgate Mainland

+44 (0) 207 726 6111

Notes to editors

The UK P&I Club is a leading provider of P&I insurance and other services to the international shipping community. Established in 1865 the UK P&I Club insures over 225 million tonnes of owned and chartered shipping through its international offices and claims network. ‘A (Stable)’ rated by Standard & Poor’s with free reserves and hybrid capital of $528m the UK P&I Club is renowned for its specialist skills and expertise which ensure ‘best in class’ underwriting, claims handling and loss prevention services.

The UK P&I Club is managed by Thomas Miller, an independent and international insurance, professional and investment services provider.

Thomas Miller

Thomas Miller is an independent and international provider of insurance, professional and investment services. Founded in 1885, Thomas Miller’s origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors; where today they manage a large percentage of the foremost insurance mutuals. Thomas Miller also manages insurance facilities for all the self-employed barristers in England & Wales, as well as trustees of pension schemes, patent agents and housing associations. 

Principal activities include:

  • Management services for transport and professional indemnity insurance mutuals
  • Investment and wealth management for institutions and private clients
  • Professional services
  • Building defects insurance

Industry developments

Polar Shipping

Legal, navigational and environmental resources, news and updates on the development of polar shipping. Read more

US VRP Compliance

With effect from 30th January 2014 non-tank as well as tankships calling at US ports will be required to submit VRPs.  For Club and other resources to assist in compliance click here

International Environmental compliance

Environmental Compliance resource page collates material in respect of International environmental compliance issues affecting our Members. Information from the Club, Loss Prevention and external resources has been collated in one place for ease of reference.

MLC 2006

The Maritime Labour Convention enters into force in August 2013 - resources, news & advice on implementation can be found in this dedicated section.  READ MORE

International sanctions

Recent guidance & corresponding material in respect of international sanctions against various countries has been updated with respect to temporary easing of sanctions against Iran.  READ MORE


Essential precautions and preparation against piracy, as well as additional information and resources, loss prevention advisories and useful external web links

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.