North P&I Club has concluded its 2019 renewal and for the first time in the Club’s 159-year history, is projecting total entered tonnage to exceed 200 million gross tons.
“Our 2019 renewal strategy was very clear," said Paul Jennings, CEO, North P&I Club. "We provided ongoing support to Members dealing with persistently challenging trading conditions through our decision not to declare a general increase. To reduce the risk of more significant premium increases in coming years we reviewed and adjusted Members’ premiums and terms to reflect performance and exposure to ensure that they made an equitable contribution.”