The boards of the Britannia Club and the UKP&I Club, two of the oldest protection and indemnity (P&I) clubs in the world, are in merger discussions.
The boards of the Clubs will now begin a process to determine whether the merger is possible and if it will deliver appropriate benefits 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 the company’s managers, Thomas Miller and Tindall Riley, both international providers of insurance and professional services, which would also lead to a merger of the respective businesses should the Clubs decide to merge.