TelestackTBA GroupPort of Vancouver USAPort of South LouisianaPort of StocktonCimbria
  • Bühler GmbH
  • Cleveland Cascades Ltd
  • The Wolfson Centre for Bulk Solids Handling Technology
  • TBA Group
  • Telestack
  • Port of Stockton

North P&I launches new product line

North P&I launches new product line

(Posted on 06/05/20)

A new offering from North P&I Club is designed for larger ocean-going vessels and will complement the H&M insurance already available from Sunderland Marine for fishing vessels and other small craft. North expect that the new line will be taken up by a number of Members, whilst it is also open to non-Members. The focus from an underwriting perspective will be on quality of risk and suitability of terms.

North P&I Club is a leading global marine insurer providing P&I, FD&D, war risks and ancillary insurance to over 230 million GT of owned and chartered tonnage. Through its guaranteed subsidiary Sunderland Marine, North is also a leading insurer of fishing vessels, small craft, aquaculture risks and owners’ fixed premium P&I cover.

In support of the product, North has added significant underwriting expertise from within Lloyd’s to its H&M insurance teams with the appointment of James Sutton (Class Underwriter) and Alex Fuller (Senior Underwriting Executive). James and Alex will be based in North’s London office at 5 Lloyd’s Avenue.

Thya Kathiravel, North’s Chief Underwriting Officer, commented, “Diversification is a significant feature of North’s overall strategic direction. We are introducing a high-quality H&M product and service proposition developed in consultation with James and Alex. We are confident that this new venture will bring sizeable financial benefits for our mutual membership.”

James Sutton commented, “North is a class-leading marine insurer with an enviable global network and unique culture. We are delighted to be joining North and look forward to strengthening its position in the market with an enhanced product offering. We share a vision for North Hull that is both sustainable and has client service at its core”.

North’s strategic ambitions for underwriting are further confirmed by two other appointments. Nick Wolfe has been appointed as an underwriting department Director. Nick joins North from Aon, where he was the global broker’s Head of Shipping for Asia, based in Singapore. In addition, Andrew Hearne has been appointed as Director responsible for members, traders and charterers in the Europe region. Andrew joined North in 2017 from a London-based P&I insurer.

Paul Jennings, Chief Executive of North P&I Club, noted: “Everyone at North is extremely excited with these new developments and the recruitment of James and Alex. The H&M market is undergoing a period of notable change, and we believe that now is the time for North to utilise its existing underwriting platform and enter the market. We have a clear vision for this project, underpinned by our sound underwriting principles which will ensure our success. Nick’s arrival together with Andrew’s appointment to Director will further supplement North’s underwriting expertise and capabilities in key markets, and I wish them all well for the future.”

Latest News

Chevron keeps ships sailing amid VLSFO challenges

(Posted on 19/01/21)

Chevron Marine Lubricants has helped ship owner customers identify and manage a distinctive engine condition... Read more


Coles to leave Wallem

(Posted on 19/01/21)

The board of Wallem Group have announced that Chief Executive Frank Coles has resigned and will be leaving... Read more


Seanergy announces $179m restructuring

(Posted on 14/01/21)

Seanergy Maritime Holdings Corp. has announced that it has reached final agreements with certain of... Read more


IOMSR seafarer welfare app goes live

(Posted on 14/01/21)

The Isle of Man Ship Registry has formally launched the first ever seafarer welfare app designed by... Read more


DNV GL to change name to DNV

(Posted on 13/01/21)

DNV GL, the assurance and risk management company, will change its name to DNV on 1 March 2021. The... Read more


Yxney Maritime and Inmarsat agreement

(Posted on 10/01/21)

Norwegian-based scale-up Yxney Maritime and Inmarsat, the world leader in global, mobile satellite communications... Read more


ClassNK advises early BWMS installation

(Posted on 10/01/21)

Leading Classification Society ClassNK has been analyzing the retrofitting status of ballast water management... Read more


Cybersecurity to remain a threat in 2021

(Posted on 05/01/21)

The maritime industry will remain a target of cyber-criminals in 2021 and the world’s shipping... Read more


IOMSR appoints China representative

(Posted on 05/01/21)

The Isle of Man Ship Registry (IOMSR) has appointed its first permanent representative in China.Well... Read more


First shipment at Khalifa Port’s South Quay

(Posted on 28/12/20)

The first shipment, carrying bauxite, destined for Emirates Global Aluminium (EGA)’s Al Taweelah... Read more


TOC EventsViganSailors SocietyBühler GmbHCleveland Cascades LtdThe Wolfson Centre for Bulk Solids Handling Technology
  • Vigan
  • Cimbria
  • Port of South Louisiana

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping