The International Group of P&I Clubs has set up a separate section for containership claims under its collective reinsurance scheme.
The International Group’s 13 members share reinsurance costs for protection and indemnity claims over $10m, with those costing more than $100m covered by the commercial reinsurance market.
As part of an annual review of its reinsurance terms, the International Group has redrawn its categories.
Reflecting recent claims, fully cellular containerships have been removed from the dry cargo section and are now a...
