UK P&I Club introduces UK fixed to support small vessel owners with tailored coverage
The UK P&I Club, a provider of Protection & Indemnity insurance to the global shipping industry, has introduced UK Fixed, a Fixed Premium Protection & Indemnity (P&I) product specifically designed for owners of smaller vessels.
This launch follows the integration of Thomas Miller Specialty Marine (TMS) into the Club’s operations.
UK Fixed delivers fixed premium P&I insurance for a diverse range of vessel types, including offshore supply and support vessels, tugs, utility craft, short sea and general cargo ships, as well as inland watercraft.
This initiative strengthens the Club’s fixed premium portfolio and aligns with its broader goal to expand and diversify its offerings.
Drawing on TMS’s expertise in fixed premium P&I insurance and claims management for small vessel owners, UK Fixed members will also benefit from the Club’s comprehensive Safety & Risk Management services, which are focused on enhancing maritime operational standards.
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The UK Fixed operation will be integrated into the Club’s underwriting team, ensuring consistent, high-quality service across both mutual and fixed premium business lines.
William Beveridge, Chief Underwriting Officer at UK P&I Club, said: “The launch of UK Fixed is an important milestone in enhancing our commercial portfolio and expanding our membership base. Through significant efforts to align our operations, risk appetite, and standards, we have positioned the Fixed Premium portfolio for sustainable and profitable growth. We are excited by this expansion of our Fixed Premium offering.”
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