Independent journal on economy and transport policy
08:11 GMT+2
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Britain Club and UK P&I Club is estimating the opportunity of a fusion
Is between the most ancient P&I Clubs
February 26, 2016
Britain English Club and UK P&I Club, two of the most ancient world-wide insurance mutual companies of the segment Protection & Indemnity, have in course negotiations for a fusion. The two societies have announced that the respective boards of directors are estimating if the operation is feasible and if it assures benefits to the associates. Britain Club and UK P&I Club has specified that however a decision on the eventuality to proceed to a fusion will have to be assumed from the associates in the course of extraordinary a shareholders' meeting to convene itself in the next few months.
the fleets assured from UK P&I Club and Britain Club have consistencies pairs to beyond 200 million and 130 million tons of tonnage.
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