London P&I Club News

To mark World Mental Health Day, The London P&I Club has funded one full day of Stella Maris’ UK operations, supporting the charity’s work in providing practical, spiritual, and emotional support to thousands of seafarers every year who are struggling with stress, loneliness, exhaustion, bullying or exploitation. The Club’s contribution covers the costs of the charity’s ship visits, welfare support and pastoral care for a 24-hour period, ensuring thousands of seafare...

The London P&I Club has renewed calls on ship owners, operators and charterers to address potential risks when loading Flexible Intermediate Bulk Containers (FIBCs) containing dry chemicals. The warning follows a number of incidents reported across the industry, including hold fires and cargo damage in bulk carriers and general cargo ships. The issue is particularly common with vessels loading in Chinese ports. Incorrect hold and handling of FIBCs The Club warns that failure to strictly c...

Multi-party collaboration addresses serious threat to safety of navigation and visibility of high-value assets in degraded and compromised Global Positioning System (GPS) and Global Navigation Satellite System (GNSS) environments. Threats to GPS and GNSS signals, such as spoofing, jamming and other interference are reaching unprecedented levels worldwide. Security risks for crews In some regions, maritime authorities have reported a 350% increase in affected vessels over the past six months,...

The London P&I Club has announced its financial results for 2024/25, reporting an operating surplus of US$21.3m, while also strengthening its free reserves to US$171.2m. Gross earned premium income increased 12% to reach US$159.8m. The Club’s combined ratio for the period was 101.7%, which contributed to an improved three-year weighted average combined ratio of 103.9%. Meanwhile, the investment return on assets under management and cash was 6.3%, contributing US$24.7m to the operating...

NorthStandard announces the departure of James Bean, a senior executive team member, following his decision to accept a role as Chief Executive Officer (CEO) of The London P&I Club. NorthStandard will not be replacing him as one of two Chiefs of geographical sectors. Steve Cockburn who currently shares the position with James, will assume sole responsibility. Jeremy's comments “It is with mixed feelings that we share this news,” said Jeremy Grose, Co-Managing Director of North...

The London P&I Club has announced that Ian Gooch will be stepping down during the year from the role of Chief Executive Officer after 15 years as CEO and 21 years as a Director of A. Bilbrough & Co., the Company that manages The London P&I Club.  Subject to regulatory approval, Ian Gooch will be succeeded by James Bean, from NorthStandard P&I Club. NorthStandard’s senior leadership A qualified Solicitor, James Bean has worked within the marine insurance industry sin...