Claims of more than $10m enter into the International Group of Protection & Indemnity Clubs’ shared pool claims and reinsurance system.
At the time of writing, some 16 P&I claims had been notified to the International Group but that is expected to grow closer to 20 by the time the 2018 policy year closes later this month.
In 2017, notified pool claims were estimated at $227m but a late flurry of casualties in 2018 and the start of this year is raising concern of a higher figure for International Group claims in the 2018 policy year.
