London P&I Club reports further growth in owned entry

London P&I Club has said that it had seen further growth in its mutual owned entry following the conclusion of the recent P&I renewal season.

Director of underwriting, Reto Toggwiler, said that “our mutual membership saw year-on-year growth of approximately of 3.5m gt or 7%,” which would take its membership to above 61m gt. Toggwiler continued: “This result is evidence of the strong commitment shown to the club by existing members and by the new members that we were pleased to welcome, drawn from a number of different countries around the world.”

He added: “Everybody at the club is grateful to members and brokers for their support in achieving an encouraging outcome which underlines the importance that shipowners attach to the London Club’s service-focused and understanding approach to P&I”.