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Group Profile
167
years in business
240
members
74m
chartered tonnage
135m
owned tonnage
PROTECTION & INDEMNITY
We are the oldest P&I Club in the world. Trusted by our Members since 1855, we have built a reputation for providing an exceptional standard of service.
The Club has gone from strength-to-strength by embracing our core values of Integrity, Trust, Specialisation, Excellence and Mutuality, meaning our Members always come first. Our history of financial strength and a premium service have established Britannia P&I as one of the market leaders in the International Group of P&I Clubs.
PROFESSIONAL & INTERNATIONAL
We are committed to mutuality. We do not have to answer to shareholders, only to our Members and we are quite selective about who those Members might be.
We look for those who we believe will be compatible with our existing Members and us. We only accept applications from organisations of the highest quality. However, once accepted, Members receive our undivided attention and support. It is no accident that many of our Members have been with us for so many years. The longevity of these relationships testifies to the success of the “Britannia way”.
PROBITY & INTEGRITY
We seek high quality members who share our approach to managing risk.
This means we are able to write all our business on the basis of a fair rating for each member, by realistic balancing of the member’s claims record over a ten- year period. To underpin that, our experienced team supports our members by providing professional and proactive claims management. We also maintain control over claims to keep our members’ costs to a minimum, and we share our expertise and provide guidance outside the claims environment. Thus, by understanding our members’ businesses, we can adapt our services to meet their needs.
PRUDENCE & INVESTMENT
Standard & Poor’s rate us as ‘A (Stable)’. Our financial reserves are amongst the strongest in the market, materially in excess of Solvency II minimum requirements.
Our track record of investment returns is based on a long-term view. This way of working has resulted in no unbudgeted calls in the last 40 years. Our prudent approach, focusing only on our core business with no other distractions or risks, enables us to manage Britannia P&I solely for the benefit of our Members.