Marine P&I Pre-Renewal Review 2016
Welcome to the 2016 annual P&I pre-renewal review. A lot has happened in a short time in the P&I market, the first half of 2016 was dominated by the twin BR’s of BRexit (Britain’s referendum
to leave the EU) and BRUK (the putative merger of the Britannia and UK Clubs), to such an extent that the 20th February 2016 Club results almost passed by unnoticed.
Here we review the Clubs activities throughout the year, summarising their financial positions. We also take a look at various industry statistics, comparing results from the past seven years, as well as reviewing updates to major limiting conventions and statutes affecting P&I risks.