A total of 24 claims in excess of $10m were placed with members of the International Group of Protection & Indemnity Clubs in the 2018/2019 insurance year, according to documents seen by TradeWinds.
The figures suggest an end to the benign claims environment that clubs have enjoyed over recent years.
The International Group’s 13 mutual members share claims of more than $10m in a pooling system and use their own funds and the group’s reinsurance cover to meet the bill.
