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?
Watch Talking P&I - 10 Years of The UK Club's Transformation
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Watch Talking P&I - The last 10 Years and the next 10 years as a leader of Skuld
After 10 years at the helm of Skuld, Ståle Hansen, CEO, sat down with Alex Vullo, to discuss his experiences before looking forward to where Skuld want to be in 10 years’ time.
Watch Talking P&I - NorthStandard: Evolution of the new mega-club
Three years ago, North of England and Standard Club joined forces to create NorthStandard, the industry’s new mega-club. Recently, Alex Vullo sat down with Paul Jennings, Co-Managing Director at NorthStandard, to reflect on the journey so far.
Watch Talking P&I - A special market update from Japan P&I Club
Alex Vullo recently sat down with Ryoichi Oda, of Japan P&I Club (JPI), to discuss the current challenges facing JPI, including increased regional competition in the market, as well as their ambitions for growth within the wider international shipping community.
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