Combined cover

The Shipowners' Club is to offer combined protection and indemnity (P&I) and hull and machinery (H&M) cover for selected risks. This cover was developed after its acquisition of hull-focused Lloyd's managing general agent Waterborne in October 2024. The all-in product will initially be made available to members based in the UK and Ireland before being rolled out worldwide. The move will see the Club contest the niche with rival NorthStandard, which this January made combined P&I/H&M policies available to commercial vessels of up to 10,000 gt. Those policies also include war, loss of hire and other ancillary hull covers.