Continued growth

The UK P&I Club has announced continued growth at the end of the 2024/2025 financial year, both in terms of entered tonnage and financial strength. A 6.6 per cent investment return has grown the Club's free reserves to US$494 million. However, the 2024/2025 policy year has been a challenging one, which has impacted the Club's underwriting performance. High-profile incidents such as the Dali collision, combined with several claims notified in the final weeks of the year, led to one of the most expensive pool years on record.