Michael Butler
Latest From Michael Butler
Reshaping the P&I risk profile
Solvency II governance requirements and a proposed new capital structure present fresh challenges for marine mutuals
Hybrid capital can enhance the benefits of mutuality
HYBRID capital and protection and indemnity clubs go together like peaches and gravy — and that is the reason why the UK P&I Club’s move to raise $100m in subordinated debt has aroused speculation that it might permanently change the face of mutuality.