NorthStandard has reported revenue in excess of $825m for the insurance year ending 20 February, compared with $796m a year ago.
At the P&I renewal date, mutual P&I tonnage entered into the club reached 256m gt and it reported a further 20% increase in its other commercial insurance lines.
North P&I Club and the Standard Club merged on 20 February last year to create the industry’s second-largest P&I mutual insurer.
