13 November 2025
TALKING P&I
Market update and 2026 renewals
With P&I renewal announcements approaching, Alex Vullo, caught up with several of the Club’s leaders, including those from Britannia, Skuld, UK Club, and NorthStandard, to gain a better understanding of the upcoming general increase landscape.
They covered areas such as:
· General increases
· Technical results
· Large loss landscape
· Reinsurance
· Investment returns
· Upcoming challenges and more…
Featured in this episode of Talking P&I
Simon Williams
Chief Underwriting Officer
Britannia
Gregory Thomas
Chief Business Development Officer
Skuld
William Beveridge
Chief Underwriting Officer
UK Club
Thya Kathiravel
Chief Underwriting Officer
NorthStandard
Conversations had from 13-21 October 2025
Jump in
Jump to key moments in the interview using the timestamps below. Each question explores a different aspect of the P&I market and its evolving landscape:
02:07 – How have the last 12 months been for the P&I market?
10:37 – The DALI incident is a significant claim for Britannia – how is the case evolving?
11:33 – There are some very large losses in the P&I market, with three cases potentially over USD1 billion. How is the large loss landscape changing in P&I?
17:12 – Technical results have varied in the last five years. How are 2024 and 2025 looking?
26:23 – What are the CUO’s projections for the 2026 renewal?
30:27 – What is the Club looking to achieve over the next 12–24 months?
39:07 – What are some of the changes and challenges P&I Clubs will experience going into 2026?
Let's talk
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