Coverage Today
More than 90% of the World's oceangoing tonnage is insured by the mutual P&I clubs that are members of the International Group of P&I Clubs, as follows.
- American Steamship Owners Mutual Protection and Indemnity Association, Inc
- Assuranceforeningen Skuld
- Gard P&I (Bermuda) Ltd.
- The Britannia Steam Ship Insurance Association Limited
- The Japan Ship Owners' Mutual Protection & Indemnity Association
- The London Steam-Ship Owners' Mutual Insurance Association Limited
- The North of England Protecting & Indemnity Association Limited
- The Shipowners' Mutual Protection & Indemnity Association (Luxembourg)
- The Standard Club Ltd
- The Steamship Mutual Underwriting Association (Bermuda) Limited
- The Swedish Club
- United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited
- The West of England Ship Owners Mutual Insurance Association (Luxembourg)
These organisations are the successors of the associations founded in the 19th and early 20th centuries. The 13 P&I clubs are mainly situated in the UK but also in USA, Japan, Sweden and Norway. The clubs vary considerably in size and currently the largest club is the Norwegian-based Gard followed by UK-based North. P&I club coverage is generally as broad as the liabilities faced by a shipowner. The following are the major exceptions to this rule.
Read more about this topic: Protection And Indemnity Insurance
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