About the International Group
The thirteen P&I Clubs which comprise the International Group (the "Group") between them provide marine liability cover (protection and indemnity) for approximately 90% of the world's ocean-going tonnage.
Through the unique Group structure, the member Clubs, whilst individually competitive, share between them their large loss exposures, and also share their respective knowledge and expertise on matters relating to shipowners liabilities and the insurance and reinsurance of such liabilities.
Each Group Club is an independent, not-for-profit mutual insurance association, providing cover for its shipowner and charterer members against third party liabilities arising out of the use and operation of ships. Each Club is owned by its shipowner and charterer members, and its operations and activities are overseen by a board of directors, or committee, elected from the membership. The day-to-day operations of the Clubs are handled by professional managers, either "in-house" or external, who are appointed by and report to their Club board/committee.
The Clubs cover a wide range of liabilities, including loss of life and personal injury to crew, passengers and others on board, cargo loss and damage, pollution by oil and other hazardous substances, wreck removal, collision and damage to property. The Clubs also provide a wide range of services to their members including claims handling, advice on legal issues and loss prevention, and they regularly play a leading role in coordinating the response to, and management of, maritime casualties.
Annual Reviews - IG
The Group has weathered the COVID-19 storm in 2020 and is coming out in 2021 with renewed focus on how sustainability within Clubs and the marine insurance industry generally, can help to support our shipowner members in a changing environment. Chair Paul Jennings and Group CEO Nick Shaw look back at 2020 and forward to the challenges for the Group in 2021.
International Group News
The International Group Pooling and GXL Reinsurance contract structure for 2022 has now been finalised
The International Group Pooling and GXL Reinsurance contract structure for 2022 has now been finalised.
UK Club Circular 08/21: Sierra Leone – Carriage of Iron Ore Fines Cargoes – Liquefaction Risk
Iron Ore Fines Cargoes exported from Sierra Leone have been identified as an area of increasing concern due to a lack of regulatory oversight at loading ports and the potential for excessive wetting and thereby liquefaction and instability.
Since it launched in 2010, the International Group’s P&I Qualification (P&IQ) programme has grown to become one of the shipping industry’s foremost professional courses. In 2020, with its international reach and network, the IG P&IQ found itself perfectly positioned to deliver its courses and exams online. This led to the greatest participation levels to date, with 657 candidates sitting P&IQ examinations in the year.
The International Group Pooling and GXL Reinsurance contract structure for 2021 have now been finalised.
The International Group and its 13 constituent P&I Clubs, have become extremely concerned about the detrimental effect upon the mental well-being of seafarers as a result of the prolongation of their contracts of employment due to the pandemic.
This Circular concerns efforts by the United States to enhance the sanction provisions targeting the construction of the NS2 and TurkStream pipeline projects and those who provide vessels and services in connection with either project.
IG Letters of Indemnity
Members are often asked to accept letters of indemnity (LOIs) from their shippers or charterers in return for the delivery of cargo without presentation of original bills of lading, the delivery of cargo at a port other than that named in the bill of lading (or both) and in various other circumstances.