North P&I Club is a leading marine mutual liability insurer providing P&I, FD&D, war risks and ancillary insurance to 142 million GT of owned tonnage and 53 million GT of chartered tonnage (at February 2018). Through its guaranteed subsidiary Sunderland Marine, North is also a leading insurer of fishing vessels, small craft and aquaculture risks.
We are based in Newcastle upon Tyne, UK with regional offices in Greece, China (Hong Kong and Shanghai), Japan and Singapore. We are a leading member of the International Group of P&I Clubs (IG), with over 12% of the IG’s owned tonnage. The 13 IG clubs provide liability cover for approximately 90% of the world's ocean-going tonnage and, as a member of the IG, North protects and promotes the interests of the international shipping industry.
Standard and Poor’s (S&P) have affirmed North P&I Club’s ‘A’ credit rating . Ratings are given between AAA – D.
Our purpose is to enable our Members to trade with confidence. The business performance and success of our Members is at the heart of everything we do. Our commitment to and delivery of service excellence, means that our Members know they have a great team supporting them in keeping their businesses moving forward.
Watch our interview with our Chief Executive Officer, Paul Jennings, who explains further our purpose.
It is our people and the excellent service they provide, that makes North stand out from the crowd. Our head office is based in Newcastle upon Tyne, with regional offices in China (Hong Kong and Shanghai), Greece, Japan and Singapore. Sunderland Marine’s branch offices are located in Australia and New Zealand.
North has grown by attracting quality shipowners and charterers who have maintained and improved the risk profile of the Club.
The efficient use of comprehensive and highly secure reinsurance remains one of the key financial principles central to our strategy, allowing consistency in financial planning and reducing the effects of extreme volatility in underwriting performance. A key component of our reinsurance programme is the pooling and reinsurance agreements undertaken with other clubs as part of the International Group of P&I Clubs.