shutterstock.com_1057558907/Aytug askin

12 March 2025Reinsurance

Dramatic spike in marine claims, P&I clubs head for losses

The majority of protection and indemnity (P&I) clubs globally will report underwriting losses in the fiscal year running through end-February as claims levels returned in force, led by the Baltimore Bridge incident, after two years of benign experience, analysts at S&P told an online seminar.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

The Fidelis Partnership bolsters broker bench with veteran lead

23 January 2026 Head of broker relationships brings 35+ years’ experience and strong network.

Reinsurance exits 1/1 strong, ILS investors in no rush

23 January 2026 Slower year-on-year ILS growth signals healthier, more disciplined market: analysts.

Healthy competition, over supply favour buyers of cyber at 1/1

22 January 2026 Financial impacts of high profile events not able to shift pricing: Howden Re.

More articles

Third party litigation funding alone costs each US household $600 a year

British companies much less interested in taking out cyber insurance

Lloyd’s market prefect has not seen any softening in terms and conditions

Axa XL launches dedicated US alternative risk solutions team

Fidelis backs $75m Herbie Re 2026 retrocessional cat bond

The Fidelis Partnership bolsters broker bench with veteran lead

Descartes targets data centre developers with $140m parametric solution

Professional indemnity faces biggest impact from AI loss event, say underwriters

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze