Protection and indemnity mutual Britannia P&I will reward members with a $10m dividend despite falling into the red in the latest financial year.
The London based insurer said it recorded a loss of $9.3m in the 2018/19 year which ran to 20 February 2019. The loss included an investment deficit of $2.6m.
Britannia also had a large number of high cost claims, with 18 claims over $1m compared to 13 in the previous year.
