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On February 20th, 90% of the world fleet for marine liability insurance, known as P&I, was renewed by the International Group of P&I Clubs with a new 12-month P&I policy. The 12 P&I clubs that are part of the International Group generate a premium size of about USD 3.5 billion.
In addition to our circular dated 27th December 2022, please be informed of the following. As provided and issued, our Certificate of Insurance and Insurance Policy Wording, include a War Risks cover as per Module VII which expressly excludes the Russia-Ukraine conflict. This remains to be excluded. In conformity with
The Netherlands as a powerhouse in the maritime world. I am often asked why I am still doing this. When this question touches upon my age, I respond: “Warren Buffett is 93, so I have quite a future ahead of me!” Being from Rotterdam, the connection to the maritime world came
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