Gard accounts for vast majority of P&I club underwriting profits
Tysers' annual P&I market report finds Japan Club, NorthStandard, Shipowners’ Club, Skuld, Steamship and West of England were in the black, while American, Britannia, London Club, Swedish Club and UK Club lost money
Shipowners seeking stability should insure with larger International Group affiliates, while smaller marine mutuals will ‘continue to struggle’, broker Tysers argues