Göteborg: 22 December 2020
2665/2020

Part 2 - Protection & Indemnity Insurance 2021/2022

The Swedish Club provides P&I cover for its members for each and every accident and/or occurrence up to approximately USD 6.0 billion. The high limit is needed to adequately protect members/ shipowners financially and to make sure that they are covered for accidents that may occur under worst-case scenarios when taking into account current international legislative schemes.

To be able to provide for these limits, the IG Clubs, where The Swedish Club is a member, reinsure each other as well as buy reinsurance together to ensure that insurance costs are kept to a minimum.

It is our aim to try to explain how we reinsure P&I liabilities on behalf of our members and the different costs involved, as well as showing how premiums are charged.

P&I Circular No 2665/2020
Part 2 - Protection & Indemnity Insurance 2021/2022

       (download pdf)

 

Enclosures to P&I Circular No 2665/2020 Part 2

      (download pdf)


Please contact Tord Nilsson, Director Underwriting, Reinsurance & Risk Control, if you have any questions.