Credit rating agency Standard & Poor's (S&P) has maintained Britannia P&I's 'A' rating for financial strength and its outlook as stable, suggesting it is well positioned to tackle a difficult market.
Britannia welcomed the positive commentary on the club's financial position.
It comes at a time when many protection and indemnity clubs are facing a raft of expensive claims and four years of premium erosion that may force them to hike rates.
