International Group introductory video
The thirteen principal underwriting associations which comprise the International Group between them provide liability cover (protection and indemnity) for approximately 90% of the world's ocean-going tonnage.
The day-to-day work of the Group is carried out through a large number of Subcommittees and Working Groups which deal with a broad range of legal, regulatory and insurance issues impacting on shipowners, operators and charterers.
Commercial vessels are getting larger and cargoes more valuable, with some ships now capable of carrying more than 21 000 containers at a time. The largest passenger ships may have up to 8 000 people aboard. Without adequate insurance, ships simply would not be able to trade.
The mutual structure of the clubs creates a strong incentive to improve safety and minimise claims. On average a third of a club's employees will be involved with loss prevention.
The group also represents the industry to countries around the world and international bodies like the UN's International Maritime Organisation. It has more than 50 active working groups focussing on issues as varied as piracy, pollution and cyber security.Â
You can find out more about the IG and the valuable work they do by watching the International Group's introductory
.
For further information on the International Group, visit the website at
Tags
You may also be interested in:
Thomas Miller appointed as manager of three established discretionary mutuals, Fire & Rescue Indemnity Company (FRIC), Livery Companies’ Mutual (LCM) and AIM.
The UK P&I Club has appointed William Beveridge as its new Chief Underwriting Officer, after completion of his current employment obligations.
Thomas Miller Investment (TMI) has announced that it is to appoint David Smith as its new Chief Executive, subject to regulatory approval.
Thomas Miller partnered with Street Child a global charity promoting children's safety