Insurance: P&I

Britannia P&I is opening a branch office in the Danish capital Copenhagen.

Pirates have struck far offshore West Africa for the second time this month taking 20 seafarers hostage the tanker Duke off Togo.

Despite a backdrop of premium erosion challenging its operating results the American Club says its mutual and fixed premium businesses are in a buoyant state.

Concerns over hefty disability pay outs to Filipino seafarers with pre-existing medical conditions were flagged up by P&I clubs this week.