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Shipowners’ Club in tie-up to target Scandinavian market

Shipowners’ Club in tie-up to target Scandinavian market
The Shipowners’ Club, a London-based P&I insurer for smaller and more specialized vessels, has entered into a strategic partnership with Swedish underwriter Svensk Assurans AB to target the Scandinavian market. 

Svensk is a recently established underwriter with offices in Gothenberg and Vaxholm, which currently specialises in limited hull Total Loss Only (TLO), war and mortgages interests. The partnership will see it offer a new P&I product through a delegated underwriting agreement with Shipowners.

“The complementary product offering and expertise of the two companies combined will provide small Scandinavian vessels with the best service,” commented Simon Swallow, chief executive of Shipowners.

Established as far back as 1855, Shipowners is one of 13 members of the International Group of P&I Clubs. With its Asian operations run out of an important regional base in Singapore, the club works with more than 600 brokers globally to insure over 32,000 small and specialized vessels worldwide.