Shailaja A. Lakshmi
North P&I Club and 24Vision announced today that they have entered into a partnership agreement, with effect from 1 July 2018, to provide P&I insurance to charterers and small ship operators.
As part of 24Vision’s wider service proposition to their marine industry clients, the partnership agreement provides for North P&I Club to be the insurance carrier for 24Vision’s marine liability products.
“An alliance with North P&I Club puts us in an excellent position to provide our clients with top-rated security,” says Rocco Bozzelli, Managing Director of 24Vision Insurance Solutions. “This agreement with North will further strengthen the business in achieving our mission to become a leading specialist and niche service provider with direct access to our clients.”
Paul Jennings, Chief Executive Officer of North P&I Club, highlights the importance of the partnership. “We are happy to work with 24Vision to develop our business through a professional and specialist partner. This agreement is of great value in helping North meets its strategic aim of diversifying our income streams.”
North P&I Club is a leading global marine insurer providing P&I, FD&D, war risks and ancillary insurance to 195 million GT of owned and chartered tonnage. Through its guaranteed subsidiary Sunderland Marine, North is also a leading insurer of fishing vessels, small craft and aquaculture risks.
24Vision serves the marine industry with a variety of services on ships, cargoes, bunkers, risks and insurances. The business was established in 2015 and has offices in Rotterdam, Geneva, Antwerp, Monaco and Dubai.