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Large claims behind string of P&I deficits, chief executives confirm

An unexpected increase in large claims was the main driver behind the recent run of losses and diminished surpluses among P&I clubs, according to the chief executives of two loss-making International Group affiliates

‘I wouldn’t call it luck, but there is some randomness in the business that cannot be fully explained as a trend,’ says Gard’s Rolf Thore Roppestad

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