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We are the world's leading specialised marine insurance group. We provide marine insurance products offering financial protection, practical assistance and knowledge sharing through loss prevention material.
What does P&I cover? Protection and Indemnity (P&I) covers liabilities incurred in direct connection with the operation of the ship. Unlike loss insurance, P&I responds to liability for damage or loss which the assured has caused to others.
Currently the P&I Clubs’ role in salvage centres mainly upon the Special Compensation P&I Club Clause (SCOPIC). Conversely, P&I Clubs are very much involved with wreck removal. Indeed, the International Group of P&I Clubs, with its approximate USD 4.2 billion claims limit for any one vessel, one event, is one of the few facilities for ...
While Gard today retains its Norwegian identity, it has become a global P&I club, where less than 14% of the current entered tonnage is domiciled in Norway. Gard purchased the If's marine and energy book in October 2003.
There are twelve separate and independent principal Clubs in the Group. Certain of the Clubs have Affiliated Associations. Our collective mission is to: Give shipowners a unified and collective voice on liability and insurance related issues.
The twelve P&I Clubs which comprise the International Group (the “Group”) between them provide marine liability cover (protection and indemnity) for approximately 90% of the world's ocean-going tonnage. The.
The International Group of P&I Clubs. Operating as a mechanism for sharing large maritime claims. IGP&I is The International Group of Protection and Indemnity Clubs. Providing liability cover for 90% of the world's ocean going tonnage.
Gard’s reported P&I underwriting result was a USD 13.5 million surplus. The Gard Group's reported underwriting result was a USD 130 million surplus (Gard’s Marine and Energy book had a very positive 66% combined ratio in 2022/22).
May 11, 2022 · Gard becomes first P&I club to top $1bn premium income International Group’s biggest affiliate will face increased competition from the merger of North and Standard, but Rolf Thore Roppestad believes pricing is now at the right level after successive rate rises
Gard at a glance Key moments in 2022 Five-year summary A conversation with the Chairman and CEO. Value created in 2022 01 02 03 Governance 04 05 About this report Financial statements 06 Auditors Report. Gard is a world-leading provider of protection & indemnity (P&I), marine and energy insurance.
