Protection & Indemnity Insurance (P&I) | 2025-02-20

P&I Clubs Maintain Record-High Free Reserves Amid Technical Challenges

Despite ongoing technical performance challenges, Protection and Indemnity (P&I) clubs have maintained record-high free reserves, according to a recent report by AM Best. These reserves provide a financial cushion, ensuring that P&I clubs can meet their obligations to policyholders even in the face of adverse claims experiences. However, the report also highlights that social inflation and the increasing size of…