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P&I club sees earned premiums rise nearly 6%

Posted On: Apr. 25, 2023 10:14 AM CST


U.K.-based smaller vessel protection and indemnity provider The Shipowners’ Club reported a 5.9% year-on-year growth in earned premiums, net of reinsurance, to $236.4 million in 2022, while its underwriting result grew to $6.2 million from $2.9 million in 2021, Sea News reported. The P&I club reported a combined ratio of 97.4% compared to 98.7% in 2021.