Tunisian emergency maritime lawyer

If you have an emergency, think of us. We have a dedicated emergency response hotline manned every hour of everyday 24/7. We are connected to provide immediate legal and practical advice. If it is already too late then our 24 hotline, we can be contacted on :+216 25 23 24 01.

Posts Tagged ‘London’

London P&I Club maintains financial strength despite impact of large claims

Written by Abdelmonem Achour on . Posted in Maritime news

Marine liability insurer The London P&I Club’s 2015 Annual Report highlighted an unusual run of expensive claims in the 2014/15 policy year, with progress in other areas meaning that the free reserves stand at a healthy $157.4m.

Ian Gooch, chief executive of the club’s management team, says, “During the course of the last policy year, the club was required to respond in respect of fourteen claims in excess of $1m, two of which are expected to exceed the $9m retention level and have accordingly been notified to the International Group Pool. This was an extremely unusual experience; to put it in perspective, there has only been one other policy year in the past ten in which the number of the club’s claims in the band in excess of $1m exceeded eight at expiry.”