Shipowners’ Club cuts deficit at half-way mark
The Shipowners’ Club, the P&I club that specialises in smaller vessels, has recorded an underwriting deficit of $5.7m for the first six months of the current policy year, down from a loss that topped $20m last time round
‘We know we have to earn the trust that is placed in the club and we also know that this requires support to our members, maintaining a disciplined underwriting approach and fairness in our claims handling’ — chief executive Simon Swallow