The Japan P&I Club has continued to rebuild its free reserves amid the rising costs of claims from inflation and geopolitical disputes.
The protection and indemnity club reported a 29% increase in its free reserves, a key indicator of financial strength, to reach ¥35.37bn ($221.8m), according to an update following a board meeting.
The finances of the club have been hit hard in recent years by fluctuations in the yen against the dollar.
