Technical Feature: P&I Clubs - American Club Looking to Increase Capital Adequacy and Financial Strength

Source: Asia Insurance Review | Jan 2008

Last year, P&I clubs were faced with a mix of technical underwriting losses, increasingly expensive claims and shrinking investment returns. However, the American Club’s experience has been little different from the other clubs in the International Group.

Mr Joe Hughes, CEO of Shipowners Claims Bureau Inc, Managers of the American Club elaborates on the Club’s issues.

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Technical Feature: P&I Clubs - American Club Looking to Increase Capital Adequacy and Financial Strength

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