The protection and indemnity clubs should retain more risk as a response to the Costa Concordia disaster and other big losses according to Just Arne Storvik.

The finance and insurance consultant is expecting a significant premium increase on the first layer of the P&I clubs collective reinsurance contract as a result of the casualties.

JustArneStorvik
And this may provide an incentive to look at the structure of how the clubs retain and reinsure risks.

Storvik