RIVAL P&I PARTIES

by Graham Barnes, Chairman, BankAssure Insurance Services Limited, General / Rival P&I Parties

A continuation of the article published January 16th 1997 titled “Concerns of the Unwelcome Guests”

How will the Fixed Premium P&I facilities fare against the International Group Clubs at this interesting and crucial renewal?

If the Fixed Premium facilities fail to make an impact on the P&I scene in this state of the market, the answer will be “none”. However, if they do carve out a market share sufficient to make some impact on the IGA clubs’ monopoly and continue to establish credibility, their share of the protection and indemnity market should progressively grow with each renewal. An Overspill claim, or even the threat of an Overspill claim, will accelerate the switch away from the IGA clubs.

This is only an excerpt of RIVAL P&I PARTIES

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.