February 2025 P&I renewals update

Statement from Reto Toggwiler, Chief Underwriting Officer

London P&I is pleased to report another positive year of growth in mutual tonnage and is on track to deliver a strong underwriting performance overall. The continued focus on strengthening the financial position, while ensuring London P&I is well positioned to keep growing in a sustainable way, is reflected in this year’s very positive renewal outcome.

It has been particularly pleasing to see additional tonnage entered with London P&I from both existing and new members globally. As always, London P&I is grateful for the support of its members and brokers and remains committed to providing the highest levels of personal, reliable and quality service.