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North P&I launching fixed premium product

Mutual insurer North P&I has moved into the fixed premium business for smaller vessels up to 10,000 gt.

The fixed premium product will be launched under the Sunderland Marine name and is aimed owners looking for certainty of cost for insurance and the service that comes a large club. All policies will be secured by North, and with certificates, blue cards and guarantees issued by the club.

The fixed premium product will be managed from North’s new London office headed by director Brian Davies.

Thya Kathiravel, North and Sunderland Marine’s chief underwriting officer, commented, “Diversification is a significant feature of North’s overall strategic direction. We have now developed a high quality fixed premium P&I product and service proposition and are confident that our increasing profile in this sector will deliver meaningful financial benefits for our mutual membership.”

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