Press release: Britannia and UKP&I Clubs in merger discussions
The boards of the Britannia Club and the UKP&I Club, two of the oldest P&I clubs in the world, respective leaders in their field and strong supporters of mutuality, announce they are in merger discussions. The boards of the Clubs will now begin a process to determine whether the merger is possible and delivers appropriate benefit to their respective Memberships. Ultimately, the decision on whether to proceed with a merger will be decided by the Members at Special General Meetings to be convened later in the year.
The talks are concurrent with discussions between their managers, Thomas Miller and Tindall Riley, both leading international providers of insurance and professional services, which would also lead to a merger of the respective businesses should the Clubs decide to merge. Further announcements will be made at the appropriate time.
For further information, please contact: Roland Cross / Gareth David - Four Broadgate