Press Release: UK P&I Club joins Maritime Anti-Corruption Network
The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, has announced it has joined the Maritime Anti-Corruption Network (MACN).
The MACN is a global business network which aims to free the maritime industry of corruption, enabling fair trade tobenefit society as a whole. Established in 2011, the MACN has grown to include over 140 companies worldwide in order to take collective action to tackle all forms of corruption.
The MACN and its members work towards creating a culture of industrywide integrity and eliminating maritime corruption. This is achieved by raising awareness of the challenges faced, developing and sharing best practices and collaborating with governments, non-governmental organisations (NGOs), and civil society to identify and mitigate the root causes of corruption.
Frequent port calls in different countries, dealing with often underpaid and ‘entrepreneurial’ officials, create near-constant demands in some regions. The large number of interactions with a wide variety of officials from customs, immigration, import-export licensing, product safety and standards, mean the opportunities for corruption are high.
Andrew Taylor, Chief Executive, UK P&I Club, says:
“The UK P&I Club is excited to join the MACN and looks forward to working with the network and its members in the elimination of maritime corruption.The aims of the MACN align with the UK P&I Club’s ongoing commitment to the highest standards of ethical behaviour and corporate citizenship. The UK P&I Club recognises the importance of collective action to tackle bribery and corruption.
"We believe the MACN can deliver major benefits to the wider shipping community and the UK Club is keen to cooperate with our new network colleagues to develop best practice”
For further details, please contact:
Jon Atkins/ Alastair Doyle - Four Communications
UKP&I@fourcommunications.com / +44 (0) 20 3697 4200
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 1869 the UK P&I Club insures over 244 million tonnes of owned and chartered shipping through its international offices and claims network. ‘A (Negative)’ rated by Standard & Poor’s with free reserves of $559m, 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.
About Thomas Miller
Thomas Miller is an international provider of market leading insurance 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. Increasingly Thomas Miller applies its knowledge and expertise to the development of specialist businesses.
Principal activities include:
- Management services for transport and professional indemnity insurance mutuals
- Managing general agency
- Professional services including legal services, claims and captive management
You may also be interested in:
The Electronic Trade Documents Bill
We are living in a digital age where information can be transmitted instantaneously and yet progress towards a fully digitalised international trade remains slow
Press Release: Strong growth for the UK P&I Club and increased financial strength despite difficult investment markets
The UK P&I Club continues to grow its premium base, through its diversification agenda, while increasing its regulatory capital adequacy ratio to 200%.
The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, has appointed Captain Kostas Karavasilis as a senior loss prevention executive in its Greek office.
Press Release: UK P&I Club announces William Beveridge as its new Chief Underwriting Officer
The UK P&I Club, one of the leading providers of P&I insurance to the shipping community, has appointed William Beveridge as its new Chief Underwriting Officer.