Technical Feature: P&I Clubs - Shipowners' Club Focuses on Returning to Underwriting Surplus
Source: Asia Insurance Review | Jan 2008
The Shipowners’ Club suffered its first underwriting loss in seven years as the entire P&I Club industry saw a difficult year in 2007. Mr Simon Swallow, its CEO, explains how they are working to return to underwriting surplus again amidst increasing claims costs and crew shortage.
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