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International Group faces call to restructure

The International Group of P&I Clubs should reduce its number of affiliates from 13 members to no more than eight, enabling more efficient use of capital and thus lower pricing, according to a report published by a top broker

‘All we are saying is, having 13 clubs essentially doing the same thing in pretty much the same way means that capital is used inefficiently’ — Marsh’s Mark Cracknell

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