Gard announces 7m gt rise at 2019 renewals

Gard P&I Club said yeasterday, February 20th, that its net tonnage had increased by over 7m in the past 12 months, with total owners’ mutual now in excess of 214mgt. The Club said that 99% of existing tonnage stayed with Gard.

Gard Group Chief Underwriting Officer Bjornar Andresen said that “the fact that new and existing Members are trusting Gard to be their P&I insurance partner is a tremendous vote of confidence in both our business model and the service we offer. Another 5m gt committed at renewal for delivery to the club in the current year is a clear sign that that there is enthusiasm to share risks with quality members. 

He noted that there had been “a positive development of the portfolio across most geographical areas.”