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IG chief says P&I pooling mechanism can handle claims spate

The world’s biggest reinsurance contract has the resilience needed to pay out on recent run of major casualties, according to International Group’s chief executive

Incidents on the scale of Wakashio, Golden Ray, Hoegh Xiamen, Diamond Princess, New Diamond and Gulf Livestock 1 will put a dent on P&I club bottom lines, but providing cover is what marine mutuals are there to do, advocates argue

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