London Club

Call Performance and Claims Improvement For London Club

The London P&I Club has confirmed that, as at February 20, 2003, claims for the 2002 policy year were ten percent lower than for the 2001 policy year, and thirty per cent lower than for the 2000 policy year. Writing in the latest issue of its London Club News, the Club says the downturn in claims over recent years is “a great source of encouragement”. It adds that this positive trend, coupled with an improving fleet age profile and the Club’s proven ability in a difficult market to maintain calls in line with original estimates for many years, “bodes well for the continuing success of the London Club”. In April, the London Club Committee reaffirmed an initial supplementary call for the 2003/2004 policy year of forty per cent for the P&I class, in line with the estimate first advised in November 2002. Paul Hinton, Chief Executive of A Bilbrough & Co, managers of the London Club, says, “Financial stability is of fundamental importance to the London Club, its managers, and its members. The Club’s sound financial base and the steps taken towards supporting its reserves, without recourse to third-party financing, are crucial elements in maintaining its overall strength.”

Maritime Industry May Lack Sensitivity to Psychological Issues

THE London P&I Club has drawn attention to the continuing need for recognition and understanding of psychological disorders affecting those employed in the shipping industry. In the latest issue of its StopLoss Bulletin, the Club indicated that psychological problems are often not identified, or dealt with, as quickly, as knowledgably or as sympathetically as is the case with physical illness and injury. The Club quotes Prof Francesco Amenta, CIRM Scientific Director

Rayfield Mills Opens London Office

Rayfield Mills a U.K.-based firm of solicitors specializing in maritime and international trade law, opened a new office in London today. Located at 150 Minories, the new office is in the heart of the capital’s shipping and insurance sector. The move to London gives Rayfield Mills the opportunity to consolidate and expand its insurance practice as well as reinforce its relationships with leading P&I clubs. Lloyd’s underwriters other London-based clients

New Chairman for Bilbroughs

Graham Edmiston is to retire as chairman and chief executive of A Bilbrough & Co, managers of the London P&I Club, on February 20, 2002. Edmiston has been with Bilbroughs for 30 years, 27 of them as director. The directors, however, are pleased to announce that Edmiston will continue to be associated with Bilbroughs as a consultant. Edmiston will be succeeded as chairman and chief executive by Paul Hinton. Hinton joined Bilbroughs in 1976, and was appointed a director in 1987.

Masters Must be Prepared to Question Pilots

The London P&I Club says it has seen a number of fixed and floating object damage cases in recent months involving ships with pilots on board which have underlined previously noted concerns about collision claims in which pilot error has played a contributory role. In the latest issue of its StopLoss Bulletin, the Club, while recognising the practical difficulties and sensitivities that may arise, says the incidents serve as reminders of the importance of masters being ready to

TT Club Appoints Lewin as COO

TT Club, the transport and logistics industry's provider of insurance and related risk management services has appointed Colin Lewin as Chief Operating Officer, effective October 1, 2002. Lewin, currently Asia Pacific regional manager for TT Club, will take over the operational management of underwriting and claims in order to leave CEO Paul Neagle free to manage the strategic development of the business following its extensive planning initiative last year with Ernst and Young.

Former Thomas Miller Partner Passes Away

Frank Ledwith, a former Thomas Miller partner, who was a major international figure in P&I insurance, has died at the age of 94. Ledwith's 48-year career was spent entirely with Millers in the service of the U.K. P&I, U.K. Defence, U.K. War Risks, Hellenic War Risks and Through Transport mutual clubs. Ledwith joined Millers in 1924 as a 17-year-old junior clerk. He quickly established himself as a first rate negotiator and a leading light in U.K

London International Shipping Week Set to Benefit Seafarer Charities

Four leading charities supporting seafarers and their families are set to benefit from the inaugural London International Shipping Week (LISW), taking place in the U.K. capital this September. Apostleship of The Sea, Mission To Seafarers, Sailors’ Society and Seafarers U.K. have been chosen by the LISW Steering Group to be the beneficiaries of fund-raising efforts during the week-long shipping showcase. London International Shipping Week kicks off with a Charity Golf Day at Walton

TT Club Spots Innovation Trend in Logistics Sector

Insurance specialist in the global freight industry, TT Club, sees proliferation in technological capabilities & tailored supply chain processes. A long-term supporter of the British International Freight Association (BIFA) Awards, TT Club sponsored the 2012 European Logistics Award.  TT Club’s Development Director for UK and Ireland, Brian Sullivan was part of the judging panel that employed a stringent vetting process to find the winner, Delamode International Logistics

Shipowners’ Club Registers Strong 2010 Results

Excellent financial results have been reported by the Shipowners’ Club for the trading year ending February 2011.  Positive growth or improvements across almost all parameters have been recorded, from increased tonnage and numbers of vessels entered, to an up-lift on gross earned premiums to US$196.8 million (up 13% on last year) and an underwriting surplus of US$25.2 million. Chairman of the Club, Donald MacLeod puts the recent success of the Club down to the diversity of its