Britannia and UKP&I Clubs in merger discussions
The boards of the Britannia Club and the UKP&I Club, two of the oldest P&I clubs in the world, respective leaders in their field and strong supporters of mutuality, announce they are in merger discussions. The boards of the Clubs will now begin a process to determine whether the merger is possible and delivers appropriate benefit to their respective Memberships. Ultimately, the decision on whether to proceed with a merger will be decided by the Members at Special General Meetings to be convened later in the year.
The talks are concurrent with discussions between their managers, Thomas Miller and Tindall Riley, both leading international providers of insurance and professional services, which would also lead to a merger of the respective businesses should the Clubs decide to merge.
- End -
For further information, please contact:
Roland Cross / Gareth David - Four Broadgate
+44 (0) 20 3697 4200
You may also be interested in:
Since the announcement in February 2016, the Boards of the UKP&I and Britannia Clubs have held discussions regarding a potential merger of the two Clubs.
The UK P&I Club ("The UK Club"), one of the leading shipping protection and indemnity mutual insurers, announces its renewal results for 2016 following the closure of the renewal season on 20 February 2016.
Thomas Miller, the leading provider of insurance, professional and investment services, is pleased to announce today the appointment of Hugh Titcomb as Chief Executive Officer, Thomas Miller Investment.