Reinsurance News
West P&I Club
West reports successful 2025 renewal backed by strong member support
25th February 2025
West P&I, a global insurance provider for the maritime and offshore industries, has reported a successful 2025 renewal across all business lines, with premium increases surpassing the Board’s objectives. For the third consecutive year, Member retention exceeded 99.5%, reflecting strong support from existing Members and steady organic growth both at renewal ... Read the full article
West P&I Club completes acquisition of Nordic Marine Insurance
10th January 2025
West P&I Club, a global insurance provider for the maritime and offshore industries, has fully acquired Nordic Marine Insurance. Nordic provides fixed premium insurance for the marine industry, specialising in Delay Insurance, Primary Loss of Earnings, Hull and Machinery (H&M), Loss of Hire, Maritime Lien solutions, and other specialist products. West P&I ... Read the full article
West P&I Club officially opens new Dubai office
19th November 2024
West P&I Club, a global insurance provider for the maritime and offshore industries, has opened a new office in Dubai’s International Financial Centre (DIFC), located in Central Park Towers. This marks West’s seventh office worldwide, joining its locations in Hong Kong, London, Luxembourg, New York, Piraeus, and Singapore. The Dubai office is ... Read the full article
West appoints Cai Xuanlun as new CEO of Hong Kong office
26th September 2024
West P&I, a global insurance provider for the maritime and offshore industries, has announced the appointment of Cai Xuanlun (XL) as the new CEO of its Hong Kong office, effective December 2024. Xuanlun will take over from Richard Macnamara, who is stepping down after 28 years. Macnamara has played a key ... Read the full article
Bart Mertens named Chief Underwriting Officer at West
11th September 2024
The West of England P&I Club, an insurance provider to the global maritime and offshore industries, has announced the appointment of Bart Mertens as its new Chief Underwriting Officer (CUO), effective early 2025. Bart Mertens, who brings over 30 years of experience in the marine insurance sector, will be succeeding Simon ... Read the full article
West P&I Club set to open new office in Dubai
2nd August 2024
West P&I Club, an insurance provider to the global maritime and offshore industries, has announced plans to open to a new regional office in Dubai, set to be led by Captain Gagan Dhillon, who has been recruited as CEO (Dubai). With this, West will reportedly be the first International Group Club ... Read the full article
West P&I appoints Katy Shearer as Chief Risk Officer to strengthen risk management
16th July 2024
West P&I, an insurance provider for the global maritime and offshore industries, has announced the appointment of Katy Shearer as Chief Risk Officer, adding her role to the Management Board of Directors. This decision highlights Shearer’s significant contributions to the business and underscores the company’s focus on the increasingly complex risk ... Read the full article
West P&I Club posts 94.5% CR, underwriting surplus hits $15m
15th May 2024
In their results for the 2023-24 financial year, West P&I Club has posted a 94.5% combined ratio, representing a solid improvement from 96.7% from last year. The 94.5% figure represents the Club’s best combined ratio since 2017, and one that is considerably ahead of the recent International Group combined ratio ... Read the full article
West of England P&I Club reports successful 2024 renewals
18th March 2024
The West of England P&I Club has reported a successful 2024 renewal across all business lines and expects a combined ratio of below 100%. West has maintained its selective approach to new business after reporting strong organic growth from existing Members throughout 2023, combined with targeted new business development at the ... Read the full article
West P&I earns $8m underwriting profit as claims dip
17th May 2023
In their 2022-23 financial year results, West P&I Club has reported an underwriting profit of $8 million. At the same time, the firm also recorded $293.2 million in gross earned premiums. West also achieved a 96.7% combined ratio for the financial year, despite challenging global economic circumstances, which represents the strongest result ... Read the full article
West P&I Club hands Tony Paulson Head of Asia role
5th May 2023
West P&I Club, an insurance provider to the global maritime and offshore industries, has appointed Tony Paulson as Head of Asia, where he will relocate to Singapore in mid-summer 2023. In his new role, Paulson will provide strategic support to the Singapore and Hong Kong offices. At the same time, he ... Read the full article
West P&I Club promotes two underwriting leaders in Asia
2nd December 2022
West P&I Club, an insurance provider to the global maritime and offshore industries, has announced the promotions of David Griffiths and Xuanlun Cai as Regional Heads of Underwriting for Singapore and Hong Kong respectively. According to the firm, the new appointments will strengthen two of its key regional offices, building on ... Read the full article
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